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Pills and CEOs Under Fire as M&A Fades
It is no surprise that activists and the companies they target are shifting gears amid the coronavirus pandemic. In particular, insurgent investors have increased scrutiny on executive pay, operational performance and board alignment at the world’s top companies rather than agitating for M&A or buybacks. To defend themselves, corporations have installed poison pills of all shapes and sizes and sold large chunks of shares or debt to private investors to secure their positions and the viability of their companies.

Jul 9, 2020 01:00 PM in Eastern Time (US and Canada)

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