Mar
17
2 Senate Democrats Introduce Bill to Curb Activist Hedge Funds
ByTwo Senate Democrats introduced a bill on Thursday that would take aim at activist hedge funds and their ability to act together in “wolf packs” to overtake public companies.
The bill would shorten the number of days that activists have to disclose newly acquired shares in a company and force the disclosure of derivatives and other holdings that now don’t have to be reported. It would also redefine the rules about who has to report when they have amassed a greater than 5 percent stake in a company…
2 Senate Democrats Introduce Bill to Curb Activist Hedge Funds
