Why can a company like P&G not just say NO to an 'Activist' speculator who pesters it? If Peltz wants he should rustle up enough votes to hold a shareholder meeting. Apart from that there should be protection against manipulating the shareholder register by stake building, only allow longterm holders to vote. Now THAT would be proper defense against unwanted approaches, it it would cost NOTHING, to the detriment of corporate finance 'advisers'.
(21-Sept-2017)
https://www.valuewalk.com/2017/09/pg-spending-100-million-fend-off-nelson-peltz/
We were optimistic last year about the IPO window opening. Hope glimmered
as recently as last month, when a handful of high-profile IPOs priced or
revealed...
10 hours ago
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