Oil Patch Activism to Spur 2014 Dealmaking and Shakeups
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Activist investors may spur a return to dealmaking in the energy industry as shareholders seek to reap greater value from oil and natural gas reserves.
A new round of boardroom shakeups in the oil patch should force additional restructuring and asset sales in the next year, William D. Anderson Jr., a Goldman Sachs Group Inc. banker, said at the Bloomberg Link Oil & Gas Conference in Houston yesterday. Corporate takeovers may be less likely.