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Bruce Goldfarb

Okapi Partners

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  • Leonardo DiCaprio in One Battle After Another. Photo: Warner Bros

    One battle after another: Why the 2026 proxy season might be marked by activist ‘do-overs’ and M&A proposals

    In the current critically-acclaimed film One battle after another, circumstances compel the lead character, played by Leonardo DiCaprio, to revisit old conflicts and confront former adversaries. A similar narrative could prove to be one of the major themes in the shareholder activism world this year, as old battles flare up again and activists continue to push for improved corporate performance. My view is largely based on the momentum generated by last year’s high volume of activist campaigns, coupled with the fact that a large percentage of those contests were resolved via negotiated settlements between the activists and the target companies’…

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