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Long-Term Focus: Preparing for Activism + Takeovers Amid COVID-19 Risks

Cooley M&A

Notably, the market appears to have responded favorably to the announcement by Dave and Buster’s as its stock price was up by 61% as of 12:58 pm ET on the day of the announcement. Jamie Leigh. And ISS will consider whether to recommend against reelection of directors if companies adopt a short term rights plan (i.e., Contributors.

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Cooley’s 2021 Tech M&A Year in Review

Cooley M&A

In response, more than 50 major law firms (including Cooley) published a joint statement stating that there was no legal basis for the claim advanced by the plaintiffs, but it appears as though William Birdthistle, the SEC’s new Director of Investment Management, may disagree. Jamie Leigh. Contributors. Ian Nussbaum. Kevin Cooper.

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Cooley’s 2023 Activism Year in Review: Wolfpacks at the Gate

Cooley M&A

7] Winning the support of the proxy advisory firms (ISS and Glass Lewis) continued to be crucial, particularly for the activists: Of the nine activist proxy contest victories, only two came without the support of at least one of the proxy advisory firms. (On We’ve noted some best practices below.

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Apples, Oranges and Lemonade: Pursuing Multiple Strategic Alternatives in the Public Company Boardroom

Cooley M&A

A board that proactively educates itself on a “clear day” regarding the company’s available strategic alternatives (and the time and key steps necessary to implement each) will be able to react more nimbly to unsolicited approaches, which can help mitigate the first mover advantage for the party making the unsolicited approach.

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