Activist Hedge Funds Are Having More Trouble Stopping Deals

Starboard, Pershing Square, Third Point and Icahn have all failed to stop M&A transactions they oppose, a new report notes.

Michelle Celarier September 26, 2019

Jeff Smith, CEO of Starboard Value

(Christopher Goodney/Bloomberg)

Several big-name activists have been unsuccessful in shaping the corporate landscape by stopping mergers they oppose, a new report details.Starboard Value couldn’t stop Bristol-Myers Squibb from taking over Celgene, and neither Pershing Square Capital Management nor Third Point had any success

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