Activism Campaigns Ramp Up in Australia With Busiest Start Ever

Australian investors are more engaged in activism than at any time in more than a decade as active campaigns surge and companies bow to pressure from agitating shareholders.

This year is the biggest for activist campaign starts on record, according to data compiled by Bloomberg Intelligence that goes back to 2011. So far in 2024, there have been 27 campaigns launched on Sydney-listed companies, more than double the average over the past decade for the same period.

Lendlease Group is the latest Australian company to concede to investor demands after the real estate firm said Monday it will sell ...