Activism Defense
Defend Against Multiple Activists and Secure Investor Support for Company Strategy
Challenge
Company had multiple activists agitating, seeking: director replacements, changes to capital allocation strategy, and a strategic review of the business
OUR APPROACH
01
Conducted comprehensive assessment to inform response plan and anticipate investor concerns
02
Developed multiphase engagement strategy and activist response plan
03
Drafted strategic communications to counter the activist's arguments and strengthen the Company's position
04
Demonstrated Board's approach to effective stewardship
Outcome with Anteris' Support
Prevented live proxy fight
Maintained Board composition despite activist demands for refreshment
Negotiated a standstill agreement with activist fund
Generated investor buy-in to company strategy and value-creation potential
