いわゆるuniversal proxyを用いて委任状勧誘を行い株主側の取締役が会社側の取締役と同時に選任された事例

WSJ:

EQT Corp. and the Rice group of shareholders, led by Toby Rice and Derek Rice, said shareholders at the company’s annual meeting Wednesday elected all seven Rice-nominated directors and five nominees supported by both entities. …

EQT is using a universal ballot for its shareholder vote, setting it up to be one of the few high-profile proxy fights to use such cards, which allow shareholders to pick from both sides’ nominees. Universal ballots can make it more likely a company will lose some board seats to a dissident but less likely they’ll lose a majority of seats.

 

 個人的に興味を持ったのが,会社側の取締役が選任されなかったこととによって株価が上昇したことです(直ぐに元の水準に戻ったようですが)。

The Street:

The stock of natural gas giant EQT Corp. (EQT – Get Report) jumped Wednesday after shareholders handed control of the board to an activist group led by former owners. Shares of the Pittsburgh company rose 2.5% to $16.05 after holders voted to award seven seats on the 12-member board to a group called the Rice Team.

via Pittsburgh Post-Gazette, Bloomberg, Bloomberg, Bloomberg, WSJ, EDGAR, SandRidge

米国においてアクティビストが委任状合戦で取締役を成功裏に選任した事例

The Portnoys were paid $77.3 million in 2012, up from $59.7 million in 2007. CommonWealth’s stock, meanwhile, declined 68 percent in the five years before Corvex and Related arrived.

  • CommonWealth REIT, Current Report (Form 8–K) (Mar. 24, 2014 08:14:28)

On March 18, 2014, Related Fund Management, LLC and Corvex Management LP (together, “Related/Corvex”) delivered to the Company what they have represented to be written consents from holders of 96,560,350, or approximately 81%, of the Company’s outstanding common shares consenting to the proposal by Related/Corvex to remove, without cause, Barry M. Portnoy, Adam D. Portnoy, Joseph L. Morea, William A. Lamkin, Frederick N. Zeytoonjian, Ronald J. Artinian and Ann Logan as Trustees of the Company and any other person or persons elected or appointed to the Board of Trustees of the Company prior to the effective time of the proposal (the “Removal Proposal”).

via Steven Davidoff Solomon