Bigger Fish, Sharper Hooks To Define 2013 Proxy Season
Law360, New York (March 14, 2013, 8:07 PM EDT) -- All's fair in love, war and proxy season: That's the message being delivered by activist investors, according to lawyers and proxy solicitors, who are gearing up for a spring of sharper elbows and tougher tactics aimed at companies large and small.
The live-TV battle between William Ackman and Carl Icahn, David Einhorn's lawsuit over Apple Inc.'s cash pile and SandRidge Energy Inc.'s acceptance of a deal that could hand majority control to TPG-Axon Capital Management LP are previews of a 2013 proxy season that experts say will be tougher than any in years.
“Today's activism looks different,” said Mary Beth Kissane,...
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