Ariel Deckelbaum, a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP, shares his thoughts regarding the influence of activist investors on the sale of a company, notably in the case of Carl Icahn's push for the sale of Texas oil refiner CVR Energy Inc. Deckelbaum asserts, "I think that ultimately, M&A processes that are started through proxy contests are less likely to result in a transaction than being approached by a buyer with full backing, as opposed to an activist hedge fund that's stirring change." - Sarah Hashim-Waris