This content is from:xinyabo体育
Activists Stay Out of Bank of America Battle
The bank’s proposal has irked investors and proxy advisory firms but has barely registered with activist hedge fund firms — who see no way to profit from joining the fight.
Brian Moynihan, Bank of America (Bloomberg) Are you following the big shareholder showdown that will finally play out Tuesday at a special meeting for Bank of America? If so, you are probably not an activist hedge fund manager. The banking giant wants its directors to have discretion over setting the structure of the
To continue reading,subscribe nowto Premium Journalism. Already a subscriber?Login.