Coronavirus hurts corporate activism now, but rebound expected
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BOSTON (Reuters) - Activist shareholders are likely to scale back campaigns in the coming weeks as target companies brace for a deep recession and their favorite calls for change - ranging from mergers to returning cash - are ignored during the coronavirus pandemic.At year's end there may be a rebound when activists ranging from Elliott Management to Third Point to Pershing Square Capital Management have capital to spend and companies need help to perform better, according to data released on..