June 10, 2020

An Update on Takeover Defenses and Option Repricing in the Age of COVID

A summary as of June 1, 2020:

  • Forty-eight poison pills have been adopted, up from 39 as of May 1.
  • Four repricings have been undertaken, up from 1 as of May 1.
  • 10.5 percent of Russell 3,000 companies can reprice options, up from 9.1 percent as of May 1.
  • 3.9 percent of Russell 3,000 companies have active poison pills, up from 3.8 percent as of May 1.

By Mustafa Olomi, Senior Associate, ISS ESG

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