Freedman Quoted in The Deal and Law360 in Stories Regarding Shareholder Activism
Olshan Partner Andrew Freedman was quoted extensively as an expert in The Deal in a story regarding how shareholder activism served as a driving factor in auction processes and asset sales of various sizes across all industries in 2013. In addition to quotes from Freedman, the story also highlights client Starboard’s involvement at Wausau Paper. Freedman was also quoted as an expert in a Law360 article (subscription required) about how activist investors continue to set their sights on struggling companies in the retail sector. “These companies look very cheap to investors right now,” Freedman said. “The bet — or assumption, if you will — on the part of activists is that with certain change, including strategic and management changes, that these companies can get back on track, normalize their margins and operating performance, and drive up the share price in so doing.” The article goes on to mention activist situations involving Olshan clients at two retail companies, Abercrombie & Fitch Co. and Aeropostale Inc., both of which Freedman is currently involved.