2023 Trends in Shareholder Activism Report

We are pleased to share Laurel Hill’s 2023 Trends in Shareholder Activism Report covering the latest information and data on board and transactional activism, unsolicited offers, and short–selling activism. The rise in shareholder activism in Canada this year has been spectacular. Increased market volatility and uncertainty, coupled with soaring interest rates causing distress in certain sectors and increasing the cost of capital, has exposed many companies and provided a very fertile ground for activism. Shareholder appetite to seek board change at underperforming companies, to rally fellow shareholders to oppose “undervalued” or “ill–conceived” M&A transactions, or to make other public demands has simply been voracious. Please contact Laurel Hill with any questions on the report or to speak on your shareholder activism needs.