Shareholder Activism and Proxy Contests
Active engagement with management is no longer simply the province of a small number of event-driven funds; it has become a strategy pursued by some of the most established institutional investors.
ICR maintains a specialized advisory group that combines the Wall Street experience of its IR professionals and the media and crisis communications skills of its PR team to help companies respond to activist campaigns and proxy contests. With an unparalleled understanding of and relationship with the buy-side community, ICR understands how investors will react to an activistand what messages will resonate with them and the proxy advisory firms.
Proxy contests and shareholder activism require careful communications planning and execution that will recognize the legal and fiduciary responsibilities of the company and its Board, as well the strategic requirements of the business. We work closely with a company’s financial, legal, and proxy solicitation advisor to craft and implement a sophisticated and effective response.
Mergers & Acquisitions
ICR has advised hundreds of M&A transactions, including friendly and hostile transactions. Our capital markets expertise gives us the insight to properly communicate the transaction to Wall Street, the financial media, and other stakeholders. From deal positioning through announcement, approval and integration, ICR ensures that all audiences understand the merit and value of these pivotal transactions.
Bankruptcy and Restructuring
Corporate restructuring or bankruptcy proceedings present unique risks to a company’s reputation and relationship with its many stakeholders. Thoughtful communications help companies demonstrate stability, credibility, and leadership in an otherwise uncertain time.
ICR understands the unique needs of equity or bondholders, secured and unsecured creditors, vendors, landlords, partners, and employees. We develop integrated communications that keep all stakeholders informed, preserve corporate reputation, and lay the foundation for a proper recovery.
Go-Private
Announcing and managing a go-private transaction requires a thorough understanding of the process and keen attention to detail. ICR has extensive experience in assisting companies through the process of announcing and gaining shareholder approval for go-private transactions.
We know how to communicate with each audience, including the equity analysts rendering their opinion on the deal; the investor base as it shifts to arbitrageurs; employees concerned about their jobs; vendors and partners uncertain of their status; and the media, which will report its own view and influence the opinion of others.