Wachtell Lipton's "Dealing with Activist Hedge Funds and Other Activist Investors" offers a sobering but realistic checklist of action items and processes companies should consider to mitigate the potential for - or respond to - a hedge fund activist attack. Suggested advance preparation tactics include creating a standing internal "shareholder activism management" team, ongoing and extensive shareholder relations activities, and board positioning/readiness. Instructive response tips cover both non-public and public activist communications.
See last week’s report: “Shareholder Activism Mitigation” and additional resources on our Shareholder Activism page.
This post first appeared in the weekly Society Alert!