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Backlash toward activist investors gains momentum Add to ...

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Whenever activist American investors venture north of the border, they prompt feelings ranging from despair among executives and directors of targeted companies to delight among Canadian shareholders, who, in some cases, have put up with lacklustre results and do-nothing boards for far too long. Share prices tend to immediately rise, amid vows to shake up boards and managements, implement aggressive reforms, sell off assets and boost dividends. But critics say the new breed of activist fund managers care only about quick scores.

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