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Shareholder Activism Poised to Rebound in 2021 After Tough Year

  • Activism targets fell 20% this year after Covid-19 outbreak
  • Advisers forecast ‘tremendous amount’ of activity in 2021

Shareholder activism is expected to rebound next year as the impact of the Covid-19 pandemic saw the overall number of companies targeted in 2020 fall by about 20% compared with the previous year.

There were a total 181 campaigns launched this year by shareholder activists against companies with a market valuation of $1 billion or more through Dec. 15, according to data compiled by Bloomberg. That’s down from 226 launched in all of 2019. The numbers may change as new campaigns are launched in the second half of December.