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BOSTON (Reuters) - Goldman Sachs ranked as the top financial adviser to companies targeted by activist investors in 2020, holding onto the top ranking for the second straight year, according to Refinitiv data published on Monday.
FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray
During 2020, Goldman advised on 49 campaigns, including Twitter, EBay and Harley Davidson , down modestly from 53 in 2019.
The top 10 advisers worked on 186 campaigns last year, when the pandemic curbed activism, compared with 197 in 2019.
Morgan Stanley, which held the No. 1 spot for several years, slipped to the No. 3 position, having worked on 26 campaigns in 2020 after 44 campaigns in 2019.
Goldman holds top rank in activism defense, Spotlight takes No 2 spot
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Goldman holds top rank in activism defense, Spotlight takes No 2 spot
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