- How do activists determine if a company is an attractive target?
- Information gathering and analysis, due diligence and stealth accumulation programs
- Shareholder and media outreach using white papers, websites and social media
- Stock price performance, key financial and operational metrics
- Board composition and governance "red flags"
- Engagement with the target's management and board
- Explaining operational, boardroom, governance and takeover activism
- Escalation tactics - proxy contests, shareholder proposals, litigation and takeover proposals
SHAREHOLDER ACTIVISM IN CANADA
Canada is thought of as one of the most activist friendly jurisdictions in the world, and for many years activist investors have been successful in unlocking value in undervalued and underperforming Canadian companies. Pershing Square's success with CP Rail sent a clear message that no public company, regardless of size, structure or status can ignore activist investors.
As the Activist Investing trend continues to grow around the globe, and the Canadian regulatory landscape continues to favor shareholder activists, it becomes more important than ever for company management to understand what may attract an activist to target their company, and what to expect if they become the object of a campaign. Activist Investing in Canada took place October 16, 2014 in Toronto and educated Canadian company management, investors and advisors on how to position themselves as this trend continues to grow.
The agenda for Activist Investing in Canada featured some of the most knowledgeable and well-respected participants in the market. Attendees received technical education on all of the issues that today's company executives, board members and advisors need to know about.
- Tuesday, October 16
*Sponsored by D.F. King