The Wall Street Journal’s Heard on the Street commentary column reports on the increased interest from activist investors in the reinsurance space, noting that CIAM’s campaign for governance reform and more influence for shareholders at Scor may be necessary for any ideas to gain traction.Read More
The Wall Street Journal reports that activist Guy Wyser-Pratte has accused Euro Disney of deliberately attempting to bring down its share price by reporting a €565 million impairment charge in order to allow majority owner The Walt Disney Company to gain full control of the French theme park operator.Read More
The Wall Street Journal reports on the French legal battle of CIAM and other minority shareholders opposing Euro Disney and its majority owner the Walt Disney Company over the royalties obtained by Walt Disney while Euro Disney’s assets have been undervalued. CIAM notes that small shareholders weren’t made aware of the true value of the firm’s assets and the health of its business.Read More
The Wall Street Journal reports that the outcome of merger deals has become harder to predict due to political situations. Anne-Sophie d’Andlau is quoted in the piece commenting that Megadeals are not very attractive as they can be quite political and therefore funds should be prudent when investing in these situations.