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Activist investor Carl Icahn.
Activist investor Carl Icahn.

How Canada stacks up in global shareholder activism

When it comes to global proxy battles, Canada is one of the hot spots, according to an annual report by London-based data provider Activist Insight.

Nine per cent more companies were publicly targeted by activist investors around the world in 2013 than a year earlier, the report noted. And although Canada makes up just 6 per cent of the 237 target companies tracked – compared to 71 per cent for the U.S. – the country has been referred to as the “promised land” for activist activity.