Activists On The Rise In IT
The rise of activist investing is one of the big stories of 2013, and most analysts think its popularity is still growing as investors see the outperformance of the best activist hedge funds and boards become more accustomed to the idea that they need to justify their actions to shareholders.
Carl Icahn’s mostly good-natured campaign to get Apple Inc. (NASDAQ:AAPL) to spend some of its cash on buybacks, which he has since dropped, and his far more aggressive tactics against the eBay . . .
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