Reuters – Activist investors are back and flexing their muscles again after fading into the background during the credit crisis, though they are now dependent on cutting deals with big institutions to get their way.
While not quite back to the pre-crisis heyday — when hedge fund TCI’s attack on ABN AMRO in 2007 helped trigger the bank’s sale — Edward Bramson’s recent ousting of F&C’s chairman and Elliott Advisors’ call for the sale of Actelion reveal activists’ growing confidence.
