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Shareholder Activism in a Lower Price Commodity Market

Forbes is calling it “The Golden Age of Activist Investing.” Activist hedge funds, which acquire small stakes in public companies and push aggressively for change using the threat of a proxy fight, have been remarkably successful in recent years. And increasingly, activists are targeting companies in the energy sector. Large companies are among the most prominent companies in the oil and gas space that have faced off against activists, but dozens of small- and mid-cap energy companies have also been embroiled in proxy fights and other shareholder activist campaigns. The recent dramatic plunge of oil prices has made energy companies even more vulnerable to such attacks. A panel comprising members of V&E’s Shareholder Activism Response Team, a communications professional from Joele Frank and a proxy solicitor from Morrow & Co. will discuss the impact of low commodity prices on shareholder activism and suggest actions every company should take to deter and defend against activist hedge funds.

This presentation was recorded and current as of February 18, 2015. Content viewed after this date may no longer be current.

This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.