A&M Activist Alert
The A&M Activist Alert (AAA) reports provide a comprehensive analysis of shareholder activism trends across Europe and the United States, offering insights into evolving market dynamics, activist strategies, and corporate responses.
The October 2025 U.S. Prelude AAA report marks the first publication with a U.S. perspective, serving as a prelude to a more detailed report set to launch in Q1 2026. This inaugural U.S. edition explores the rise in activism post-2024 elections, the role of M&A, and the concept of an Equity Story—a strategic narrative that aligns corporate performance with investor expectations.
PREDICTIONS FOR THE US - A PRELUDE
SHAREHOLDER ACTIVISM IN THE US
The October 2025 US Prelude of the A&M Activist Alert provides insights into U.S. shareholder activism trends, highlighting increased activity following the 2024 federal elections. Most notably, there's been a shift in focus towards established and large businesses, with prominent activists prioritizing board-related demands.
Delve into the importance of a strong Equity Story to mitigate activist pressures and align with investor expectations. This report offers prelude of what's to come: Our analysis of the rise in M&A deal sizes, sector-specific activism trends, and the role of operational improvements in driving value creation.
The European AAA report, published since 2017, examines the impact of market volatility, sector-specific activism, and geographic trends, highlighting the importance of operational transformation and compelling equity narratives to maximize shareholder value in Europe.
OBSERVATIONS AND PREDICTIONS FOR THE REMAINDER OF 2025 AND INTO 2026
SHAREHOLDER ACTIVISM IN EUROPE
Our EMEA Interim A&M Activist Alert reviews the shareholder activism landscape across Europe so far in 2025 and provides an outlook for the rest of the year and into 2026.
Market volatility has been a defining characteristic recently and the uncertainties created have caused a slowdown in activist campaigning. Our analysis of how such volatility is linked with shareholder activism over recent years shows that after the initial slowdown, a surge in campaigns is likely to ensue. Other things being equal, we expect to see this surge in late Q3/Q4 2025.
Both the EMEA and US AAA Reports underscore the growing significance of proactive corporate strategies to mitigate activist pressures and enhance long-term value creation. While the European report reflects on recent trends and predictions for 2025-2026, the U.S. prelude introduces key themes relevant to the United States, anticipating in the upcoming full edition.
Whilst we do not publicly release individual company predictions, we would be delighted to discuss specific AAA modelling and analysis for any particular corporate with a senior member of the company.
Arrange a personalised de-brief with the A&M team by contacting a member of our team in your local region.
