Purpose
– To inform on recent developments in shareholder activism, a phenomenon well-documented in North America and Europe and now spreading to Latin America, and summarize the key considerations for corporate boards.
Design/methodology/approach
– The article discusses a recent development involving Cartica Capital, a USA hedge fund and minority shareholder in CorpBanca, a Chilean bank pursuing a merger with Itau Unibanco Holding SA, Latin America’s biggest bank by market value, Cartica.
Findings
– Shareholder activism will continue to be an expanding global phenomenon.
Practical implications
– Boards must continue to plan accordingly when structuring a strategic transaction, both in and outside the USA market.
Originality/value
– Practical overview of recent developments in shareholder activism with a review of the key considerations for practitioners.
