Hedge funds have become active in corporate governance. They push for changes in strategy and the adoption of specific business plans. Their tactics...
Non-executive directors associated with poison pill adoption experience a decrease in shareholder votes, an increase in termination rates across all...
Creeping acquisitions - grabs of a company?s de facto control without the launch of a
formal tender offer ? are an acquisition technique that presents...
We provide the first systematic evidence of contractual innovation in the terms of poison pill plans. In response to the increase in hedge fund activism,...
Whether antitakeover defenses are beneficial or inimical to shareholder interests is the subject of a perennial debate in the corporate finance...Read more