Back to News
Activism

The Crosshairs

|
Published: June 14th, 2022
A list of the top 10 potential activist targets.

Welcome back, Crosshairs followers! About 43% of participating shares voted against reelecting Limelight Networks Inc. (LLNW) director Jeffrey Fisher at a meeting June 9, a pretty large vote of opposition for the former CEO of Sprocket Networks Inc.

At the same time, shares of the Tempe, Ariz.-based content delivery network services company and Crosshairs member continue a steady decline.

Meanwhile, Michael Wirth, the CEO of Chevron Corp. (CVX), another Crosshairs member, continues to insert himself into the public debate, reportedly insisting June 7 that Europe’s plan to expand renewable fuels in response to rising gas costs could have the unintended short-term effect of hiking prices and slowing down the energy transition. How will ESG investment voters view those comments?

Editor’s note: The original version of this article was published earlier on The Deal’s premium subscription website. The rest of the list as well other potential activist candidates in The Watch List are available to The Deal’s premium subscribers. For access, log in to TheDeal.com or use the form below to request a free trial.

This Content is Only for The Deal Subscribers

The Deal provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them.

If you’re already a subscriber, log in to view this article here.

More From Activism

Activism

PayPal’s Elliott Engagement Could Lead to M&A

By Ronald Orol
|
Published: August 18th, 2022
Comments from the digital payment giant's CEO indicate that PalPal could consider divestitures of some sort if more immediate changes don’t produce share improvement.