Publications

Proxy Contest Settlement Agreements: An Overview

March 16, 2009
David E. Rosewater | Nicholas Tomasetti
Activist Investing Developments - Winter 2009

Although intense proxy contests are what attract attention in activist situations, most potential contests are resolved in advance of a fight through settlement agreements. Settling a potential contest allows both the activist investor and the company to avoid significant drains on their resources—both time and money—while at the same time providing additional mutual benefits.