last fall captured two key activist trends in a single campaign: Irenic was a first-time activist, and it targeted a large, blue-chip industry name.2022 saw a record number of new activist investors, with 55 first-timers representing 36% of all funds waging campaigns, according to Lazard. The prior record was 48 newcomers for 30% of campaigns in 2018.
Whipsawing markets and tight financing prompted the M&A slowdown, and that meant CEOs were stuck if they wanted to sell or buy a division, or put the whole company on the block. These include Mithril Capital's March campaign vs. Adagio Therapeutics, Mill Road's April campaign vs. Big Lots, and Pacific Point's January campaign vs. CH Robinson.
Good....Karma is a bitch! These companies bowed to the Woke throne and now the Woke Empire has ordered their heads to be cut off.
“Assualts”? C’mon.
😎
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