Meagan Reda Quoted in S&P Global Market Intelligence on Shareholder Activism in the Banking Sector

Olshan Shareholder Activism partner Meagan Reda was recently quoted in an S&P Global Market Intelligence (subscription required) article examining how a changing regulatory environment and increased M&A activity are contributing to a rise in bank-related shareholder activism. Meagan noted that, “Although M&A-related activity is still below the levels many expected, the less restrictive regulatory environment providing for faster approval timelines, together with banks continuing to trade below historical valuation multiples, has caused an uptick in M&A activism in the banking industry.” The article discusses how activists are increasingly urging banks to explore strategic alternatives, including potential sales. Meagan observed that “activists are likely to keep pressuring banks to pursue sales or strategic reviews given the current regulatory environment.”