Activist Investing in Europe 2022

17 January 2022

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Mergermarket and Activistmonitor are pleased to present Activist Investing in Europe 2022, published in association with Skadden.
 
Highlights include:
 
  • Over the last 12 months, 60% of corporates report that they identified new weaknesses that activists might exploit and have already discussed those with shareholders. Not one respondent reports that they failed to identify a new weakness.
  • 97% of corporates anticipate an increase in shareholder activism over the next 12 months, including 60% who are expecting a significant increase.
  • Almost all respondents (98%) believe companies in Europe should be very concerned about becoming targets from North American activists over the next 12 months, while 88% and 70% of respondents report the same about UK-based and European activists, respectively.
  • 40% of corporate respondents maintain that new ESG disclosure requirements will not have a discernible impact on campaign demands, whereas 53% of activists surveyed believe it will lead to a significant increase.