Shareholder activism directed at European companies is a growing and evolving reality for the Boards of quoted corporates. When such activism turns into a public campaign by one or more investors, there can be very significant financial and reputational risks for the targeted corporate and its Board.
A&M has developed the “A&M Activist Alert”, or “AAA”, to predict which corporates will be the next to be targeted. The AAA is the most comprehensive statistical analysis of its kind and has predicted 59 percent of European activist targets since January 2015. The underlying analytical model encompasses a wide range of variables and is primarily based on a detailed analysis of 1,771 corporates with a market capitalisation of US$200m or more listed and headquartered in the U.K., Germany, France, Switzerland, Scandinavia, Benelux, Italy and Spain.
The report is published twice yearly. We do not publicise the AAA scores for individual corporates, or those that feature on our Red and Amber warning lists. However, if any corporate is interested in discussing their own AAA Score and wishes to explore how their Board can optimise their performance to avoid becoming a target, please do contact us.
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