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Moody's: shareholder activism to continue
11:19 AM MDT | March 11, 2014 | Vincent Valk
Shareholder activism in the chemical industry should continue, as the economic climate improves and companies generate large amounts of cash, according to a new report by credit rating agency Moody’s Investors Service (New York). The report, which looked at activism in a number of sectors, noted that “activist shareholders appear to be targeting companies…that have built up large cash balances or that have benefited from low US energy and feedstock costs but have not proportionally increased returns to shareholders.” Chemical companies...
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