Bank of America most favored for activism defense in 2021 and Morrow Sodali is joint top proxy solicitor

This article, published by MarketScreener, details the results of Refinitiv data for 2021 which highlights the top firms advising companies on various aspects of shareholder activism. Morrow Sodali was named as the joint top proxy solicitor. 

Bank of America was ranked as the top financial adviser to companies targeted by activist investors in 2021. In 2021 Bank of America advised on 35 campaigns, up from 28 reported for the previous year. Goldman Sachs, which ranked as the top financial adviser in 2020 and in 2019, slipped to the third spot with 33 campaigns. Morgan Stanley moved into the second spot with 34 campaigns, up from 29 in 2020.

Elliott Management held on to its spot as the busiest activist, launching 14 campaigns last year after 16 in 2020. Olshan Frome Wolosky was the busiest law firm, working on 85 engagements for activists.

Read the full article here (in Spanish).