Publications

Internet Publication of Proxy Materials Can Cut Costs in Proxy Contests

Summer 2007
David E. Rosewater
Activist Investing Developments - Summer 2007

Increasingly over the years, proxy contests have offered activist investors an effective means of advocating or implementing change at public companies in which they have ownership interests. However, the significant cost involved has been a deterrent to mounting such challenges. The total cost required for launching a proxy contest can range from the low six figures into the seven figures depending on the scale and scope of the contest, including related litigation, and activist shareholders have to expend their own funds, while incumbents have at their disposal the corporate treasury.