Investor Activism May Surge in Canada as Slowdown Takes a Toll
- Suncor, First Capital under pressure from large shareholders
- Canada still a ‘friendly jurisdiction’ for activists: Soliman
Elliott Investment Management is pushing for change at Suncor Energy.
Photographer: Gavin Bryan John/BloombergThis article is for subscribers only.
Shareholder activism is poised to grow in Canada this year, as investors turn up the pressure on management teams for better returns after a tumultuous year in markets, according to a top corporate lawyer.
“Shareholders are seeing a significant amount of red on their screens, and now they have had time to try to figure out which of these companies should be a target and which of these companies they can actually effect change at,” Walied Soliman, chairman of Norton Rose Fulbright in Canada, said in an interview.