Shareholder activism spreads globally
Abstract
Purpose
To inform on recent developments in shareholder activism, a phenomenon well-documented in North America and Europe and now spreading to Latin America, and summarize the key considerations for corporate boards.
Design/methodology/approach
The article discusses a recent development involving Cartica Capital, a USA hedge fund and minority shareholder in CorpBanca, a Chilean bank pursuing a merger with Itau Unibanco Holding SA, Latin America’s biggest bank by market value, Cartica.
Findings
Shareholder activism will continue to be an expanding global phenomenon.
Practical implications
Boards must continue to plan accordingly when structuring a strategic transaction, both in and outside the USA market.
Originality/value
Practical overview of recent developments in shareholder activism with a review of the key considerations for practitioners.
Keywords
Acknowledgements
© 2014 Fried, Frank, Harris, Shriver & Jacobson LLP.
Disclaimer: This article is not intended to provide legal advice, and no legal or business decision should be based on its contents.
Citation
Pickering Bomba, A., Epstein, S., Richter, P., Shine, D., E. Sorkin, J. and Weinstein, G. (2014), "Shareholder activism spreads globally", Journal of Investment Compliance, Vol. 15 No. 2, pp. 33-35. https://doi.org/10.1108/JOIC-05-2014-0017
Publisher
:Emerald Group Publishing Limited
Copyright © 2014, Authors