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Innisfree M&A Incorporated Again Leads Top Activism Solicitation Rankings
January 8, 2021 GMT
NEW YORK (BUSINESS WIRE) Jan 8, 2021
Innisfree has been named the top proxy solicitor for companies globally and in the U.S. by Bloomberg’s 2020 Global Activism Market Review, both in terms of number of engagements and the value of activists’ stakes. Innisfree also earned the top company proxy solicitor award in Activist Insight’s 2020 Adviser Award competition, based on number of company representations in activist situations. Innisfree has topped both league tables since their inception.
On December 3, 2020, the Canadian Securities Administrators
(
CSA) published consultation paper 25-403 -
Activist Short Selling, to facilitate a discussion of
concerns relating to activist short selling and the potential
impact on capital markets in Canada. The term activist short
selling refers to when an individual or entity takes a short
position in a security and then publically shares information that
is likely to have a negative impact on the price of such security
in an effort to realize a profit.
In 2019, the CSA formed a committee that analysed activist short
selling campaigns targeting Canadian issuers and reviewed relevant
academic literature. The empirical analysis was limited to activist