Navigating Activists And Hostile Takeovers: When To Engage, When To Defend [Forbes]
BP p.l.c. (BP)
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Source: Forbes
By Marc Cooper, CEO, at Solomon Partners and Jeff Jacobs, Head of M&A When sprawling conglomerates dominated the economic landscape in the 1980s and early 1990s, corporate raiders such as Carl Icahn and T. Boone Pickens launched debt-fueled, hostile takeovers in search of greater efficiency and unrealized value. While those swashbuckling days are largely over, boards of directors and CEOs still need to be prepared for activist proposals and unsolicited takeover bids. Shareholder activists have evolved over the years, from a niche group of daring individuals to a sophisticated and well-funded class of investors that boards must take seriously. And while the Covid-19 pandemic pushed the number of new activist campaigns to a five-year low, activism has since returned, with more than 350 campaigns launched since the start of 2023. With any unexpected approach, corporate boards must navigate a delicate balancing act—advocating for the best interests of their shareholders, while al
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- Shell Maintains Buybacks as Gas Growth Offsets Weaker Oil [Yahoo! Finance Canada]Yahoo! Finance Canada
- Shell profits fall to $6bn in the third quarter but beat forecasts [Yahoo! Finance]Yahoo! Finance
- Oil giant Shell posts small drop in third-quarter profit to $6 billion, beating expectations [CNBC]CNBC
BP
Earnings
- 10/30/24 - Beat
BP
Sec Filings
- 10/29/24 - Form 6-K
- 10/29/24 - Form 6-K
- 10/11/24 - Form 6-K
- BP's page on the SEC website