Tag: Activist

Activist funds won’t need U.S. antitrust nod under new proposal

Activist investors who buy up to 10% of a company’s shares won’t need to first get U.S. antitrust approval for the purchases under a new proposal by competition regulators.

The Federal Trade Commission on Monday proposed a rule that would exempt such investments from antitrust filing requirements in certain circumstances.

Money managers had pushed the agency to make the change, which would make it easier for activist funds to build stakes in companies without first alerting management of their plans and waiting for antitrust approval to proceed.

The FTC voted 3-2 along party lines to advance the proposal and gather public comment before it becomes final.

Republican Commissioner Noah Phillips wrote in a statement that exempting reporting requirements for investments of 10% or less of a company would reduce regulatory burdens on investment activity that doesn’t harm competition.

Investors have to notify the target company, wait as long as a

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Activist Funds Won’t Need U.S. Antitrust Nod Under New Proposal

(Bloomberg) — Activist investors who buy up to 10% of a company’s shares won’t need to first get U.S. antitrust approval for the purchases under a new proposal by competition regulators.



a sign on the side of a brick building: The U.S. Federal Trade Commission (FTC) headquarters stands in Washington, D.C., U.S., on Thursday, Aug. 15, 2019. The head of the FTC this week said he's prepared to break up major technology platforms if necessary by undoing their past mergers as his agency investigates whether companies including Facebook Inc. are harming competition.


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The U.S. Federal Trade Commission (FTC) headquarters stands in Washington, D.C., U.S., on Thursday, Aug. 15, 2019. The head of the FTC this week said he’s prepared to break up major technology platforms if necessary by undoing their past mergers as his agency investigates whether companies including Facebook Inc. are harming competition.

The Federal Trade Commission on Monday proposed a rule that would exempt such investments from antitrust filing requirements in certain circumstances.

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Money managers had pushed the agency to make the change, which would make it easier for activist funds to build stakes in companies without first alerting management of their plans and waiting for antitrust approval to proceed.

The FTC voted 3-2 along

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Japanese Consultant Becomes Billionaire By Battling Activist Investors

The recent rise of shareholder activism in Japan has boosted the stock price of Tokyo-listed IR Japan, a consultancy specializing in shareholder relations, elevating its CEO Shirou Terashita into the ranks of the world’s billionaires.

Terashita, 61, saw his fortune rise to $1 billion as shares of IR Japan soared 247% over the past year. He declined to comment for this story.

Investors are optimistic about the growth potential of the Tokyo-based firm, which is said to have a high level of expertise in proxy fights at shareholder annual general meetings and also provides advisory services like measures to counter activist investors.

In the quarter ended in June, IR Japan said its sales had jumped 9.7% from a year earlier to 2.38 billion yen (about $20 million). The company’s net profit came in at 913 million yen, up 7.8% from the

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