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West Face Capital CEO Greg Boland
West Face Capital CEO Greg Boland
(Tibor Kolley/)

Activist investor had a hand in Safeway deal

It is hard to find a corporate transaction these days that does not have an activist agitating on the sidelines.

Tokyo-based Sony Corp. has come under pressure from New York activist Dan Loeb to spin off as much as 20 per cent of its entertainment assets. After a heated proxy-battle, New York oil company Hess Corp. last month agreed to give board seats to Paul Singer and his hedge fund Elliott Management, which is calling for major asset sales.