Stephen Halperin quoted in "New rule: engage activists for your own good", The Globe and Mail
|Area||Corporate Finance and Securities|
Excerpt from "New rule: engage activists for your own good", by Tim Kiladze:
The old approach stemmed from an aversion to the hostile bidders of the late ‘80s. “In some contexts, it was the same as [telling clients] ‘don’t talk to a raider’ in a hostile deal,” said Steve Halperin of Goodmans.
As time passed, however, it became clear that only a select few activists want things to get ugly. “The really good ones don’t want a public battle,” Mr. Halperin said. That means engaging them can lead to healthy discussions, rather than forcing each side to posture in the media.
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