- shareholder activism •
- Hedge Fund Activism •
- major shareholdings disclosure •
- insider trading •
- company secrets
Shareholder activism by hedge funds has taken hold in Germany in spite of large ownership concentration. This essay uses the example of Stada Arzneimittel AG to highlight features of activism, German style.
The essay is forthcoming in Holger Fleischer, Hideki Kanda, Kon Sik Kim, and Peter O. Mülbert (eds.), German and East Asian Perspectives on Corporate and Capital Market Law: Investors versus Companies.