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5 Ways Energy Cos. Can Keep Activist Investors At Bay

Law360, New York (March 14, 2014, 8:46 PM EDT) -- From multibillion-dollar asset swaps to multiyear development projects, energy is a lucrative, yet expensive business. But companies' big-spending ways are facing increasing resistance from emboldened activist shareholders who question the return on those investments.

Amid scrutiny from activist investor Carl Icahn, Canadian oil and gas producer Talisman Energy Inc. unloaded $2.2 billion in assets in 2013 and is planning another $2 billion in asset sales within the next 18 months. Meanwhile, oil and gas producer QEP Resources Inc. said in January it would spin off its...
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