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-0.00146391450739268 -0.00190308885961053 0.00527009222661396 0.013760796369492 0.00451032059727706 0.0136158688332601 0.0185917142438881 0.0166886253842776
Stock impact report

Coronavirus hurts corporate activism as M&A, buybacks decline [Toronto Globe and Mail (Ontario, Canada)]

Hilton Worldwide Holdings Inc. (HLT) 
Last hilton worldwide holdings inc. earnings: 2/11 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.hilton.com
Coronavirus hurts corporate activism as M&A, buybacks decline Activist shareholders are likely to scale back campaigns in coming weeks as target companies brace for a deep recession and their favorite calls for change - ranging from mergers to returning cash - are ignored during the coronavirus outbreak. The year started on a strong note with firms like Third Point and Elliott Management committing billions to push for change at 42 companies in January and February. But the pace fell 38% in March from February with only 16 campaigns launched, data released on Thursday by investment bank Lazard show. New campaigns last month were launched at the slowest pace since 2013 and corporate agitators put the smallest amount of money to work since 2016. Activity is expected to remain slow in the weeks ahead, the bank said. “We saw COVID-19’s impact on activism show up in March,” said Jim Rossman, who heads shareholder advisory at Lazard. “Lower M&A activity and companies focused on conserving c Show less Read more
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