X

Reset Password

Username:

Change Password

Old Password:
New Password:
We have completed your request.

Shareholder Activism

Vinson & Elkins is a leading defender of public companies under attack by shareholder activists. Leveraging the experience of our top-tier Corporate practice, we represent companies facing the growing tide of shareholder activism across a range of industries.

Experienced Shareholder Activism Response Team

V&E’s dedicated and experienced Shareholder Activism Response Team represents target companies involved in proxy contests, vote no campaigns, hostile takeover attempts, and other activist challenges. Shareholder activist campaigns can last for many months and require daily attention to deal with activist tactics such as press releases, fight letters, SEC filings, and litigation. We advise our clients on how to respond to shareholder activism, including how to evaluate and resolve activist situations under the public radar. Our Shareholder Activism Response team takes an integrated approach to address our clients’ issues throughout campaigns, working closely and seamlessly with leading proxy solicitors, public relations firms, private investigators, and other activism professionals. If no common ground can be found, we represent our clients during the proxy contest and in any related litigation. In recent years, V&E has been involved in approximately 50 shareholder activism situations.

Activism Advance Preparation

Our Shareholder Activism Response team works with public companies to analyze their governing documents and strengthen their structural defenses in this era of shareholder activism. We also advise on governance matters that are affected by shareholder activism, such as board and committee composition and procedures, director independence issues, fiduciary duty issues, and D&O indemnification and insurance issues.

Practice Highlights

  • Fiesta Restaurant Group in its proxy contest defense against a dissident group led by JCP Investment Partnership
  • Simpson Manufacturing in its proxy contest defense against Iron Compass
  • Fred’s in connection with the activism campaign by Alden Capital Group
  • magicJack in its proxy contest defense against Kanen Wealth Management and Carnegie
  • CenterPoint Energy in connection with an investment by Elliott Management
  • Rubicon Technology in its proxy contest defense against Paragon Technologies 
  • RiceBran Technologies in its proxy contest defense against LF-RB Group 
  • Omega Protein in its proxy contest defense against Wynnefield Capital 
  • Stratus Properties in its proxy contest defense against Carl Berg 
  • Dakota Plains in its proxy content defense against Lone Star Value
  • Old Point Financial in its proxy contest defense against PL Capital 
  • VAALCO Energy in its proxy contest defense against Group 42 and BLR Capital Partners
  • Ciber in its proxy contest defense against Lone Star Value
  • Miller Energy Resources against shareholder activists Lone Star Value Management and Bristol Capital
  • Crest Financial Limited in its proxy contest against the merger of Clearwire Corporation with Sprint Nextel Corporation, resulting in an increase of the merger consideration of approximately 70% from $2.97 to $5.00, valuing Clearwire at $14 billion