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/
As Meredith noted in the blog back in early March, Nasdaq had proposed to
adopt IM-5101-4, which would provide the exchange with the authority to
delist a ...
15 hours ago
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