Tech, Life Sciences Cos. Vulnerable To Activist Takeovers

Law360, New York (April 3, 2012, 6:16 PM EDT) -- A growing number of technology and life sciences companies are falling victim to takeover attempts by activist hedge funds, contrary to the conventional wisdom that they are too complex to be successfully taken over, a Latham & Watkins LLP attorney said Tuesday.

Nicholas S. O'Keefe, a corporate partner in Latham & Watkins' Silicon Valley office, said that a push by corporate governance activists to eliminate the so-called staggered board model is opening the door for hedge fund raiders to stage more successful takeover attempts, potentially at...
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