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The Impact of COVID-19 on Shareholder Activism in the Retail Industry
Wednesday, October 7, 2020
|02:00 PM - 03:30 PM ET|
|01:00 PM - 02:30 PM CT|
|11:00 AM - 12:30 PM PT|
Join us for a virtual forum with Morgan Lewis partners Keith E. Gottfried and Christina Edling Melendi together with a panel of shareholder activism and retail industry advisors and thought leaders for a timely discussion on how the coronavirus (COVID-19) pandemic may uniquely impact shareholder activism in the retail industry.
The primary focus of many retailers in the near-term will likely be on staying afloat and addressing their liquidity needs, their ability to rebound from COVID-19, the health and safety of their employees and customers, and the overall health of their businesses. However, as the retail industry has been upended by COVID-19 as never before, retailers should also be concerned with how the turmoil caused by COVID-19 has made them attractive targets for activist investors.
Our panel will discuss several top-of-mind topics for retailers concerned with being in the crosshairs of an activist investor, including:
- Recent trends in shareholder activism against retailers
- Why activist investors like the retail industry
- Retail sectors that attract activist investors
- Why an activist investor would target retailers
- Types of activist demands at retailers
- How a retailer could be vulnerable to an activist investor in the wake of COVID-19
- Steps retailers can take now to avoid being a "sitting duck" for activist investors
- Keith E. Gottfried | Partner and Shareholder Activism Defense Leader, Morgan Lewis
- Rodolfo S. Araujo | Senior Managing Director and Head of Corporate Governance and Shareholder Activism, FTI Consulting
- Stephen L. Brown | Senior Advisor, KPMG LLP Board Leadership Center
- Kevin J. Daniels | Managing Director – Mergers & Acquisitions/Activism and Raid Defense, BofA Securities, Inc.
- Sydney R. Isaacs | Managing Director, Abernathy MacGregor
- Gregory Rice | Partner and Co-Head Shareholder Advisory & Activism, Boston Consulting Group
- Gregory P. Taxin | Managing Member, Spotlight Advisors LLC
- Christina Edling Melendi | Partner and Co-Leader of Retail and Ecommerce Industry Initiative, Morgan Lewis
CLE credit: CLE credit in CA, CT, FL, IL, NY, NJ, PA, TX, and VA is currently pending approval.