Companies targeted by activist investors through private engagement are outperforming their peers, according to new research from Alvarez & Marsal (A&M), highlighting the growing influence of so-called “quiet activism” across European markets.
The firm’s latest A&M Activist Alert Outlook analysed 1,589 European listed companies, including 413 with recognised activist shareholders that had not faced public campaigns. Over the following two years, those companies delivered shareholder...
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