Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, July 14, 2008

Bylaws Require Activist Shareholders to Disclose Stock Information

The Wall St. Journal reports that many public companies, including Pfizer, Monsanto and Sara Lee, have amended their bylaws to require that investors who propose directors or shareholders' resolutions disclose their activities in the company's shares, including borrowing or lending shares and hedges to protect against price declines.  WSJ, Companies Alter Bylaws To Pry Data Out of Activists.

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