While the U.S. has historically been the primary focus of international activism activity, constituting nearly 80% of annual campaigns as recently as 2011, the number of international1 companies targeted by activist campaigns has significantly increased in recent years. In fact, 2015 saw new peaks in campaign volume, not only in the U.S., but also in Europe, Asia and Australia — where year-over-year activity grew by 63%, 37% and 8%, respectively.2
International activism is expected to increase and evolve, reminiscent of the strategy’s evolution in the U.S., where it outperformed as an asset class in the years following the global financial crisis. Among international companies, those in Australia, in particular, find themselves increasingly on the radar for activists looking to expand their influence.
A number of factors make Australia an opportune environment for activist investors, perhaps the most important one being its shareholder-friendly regulatory framework, which has supported the strategy’s arrival and subsequent growth in the region, and has been critical in strategic milestones, including:
This report analyzes the evolution of activism in Australia across these themes and offers best practices for companies to employ to mitigate activist risk.
Download a copy of our latest report, Shareholder Activism in Australia: Navigating the evolving landscape.
Finding opportunities in a dynamic marketExplore about 2017 M&A Global Outlook
Lessons learned, emerging trends and implications for clientsExplore about The 2015 U.S. Proxy Season Through the Activist Lens
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