Activism, All Grown Up, Is Real Winner In 2013

Law360, New York (July 3, 2013, 6:18 PM EDT) -- The 2013 proxy season, which is quickly winding down, has seen plenty of winners: Elliot Management Corp. captured three seats at Hess Corp., Jamie Dimon kept his CEO and his chairman hats at JPMorgan Chase & Co., and Starboard Value LP has surprised everyone with a perfect 5-for-5 run so far.

But the biggest winner might have been activism itself, which has emerged as an asset class in its own right. The 2013 proxy season was defined by bigger targets, tougher tactics and more sophisticated attacks, all...
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