Deals
Dow, DuPont, Yahoo -- Activist Shareholders Hit a Trifecta
- Pressure from investors set in motion changes in strategy
- DuPont proxy vote was `watershed moment for activism'
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Activist investors are showing they couldn’t care less about the size and stature of their target companies.
In the space of 24 hours, DuPont Co. and Dow Chemical Co. -- two symbols of U.S. industrial might -- and Yahoo! Inc. -- a star of the early Internet age -- each set in motion a change in course after coming under pressure from activists. The events were the latest and most dramatic evidence of the increasing power of these shareholders to influence managements of storied American corporations.