More Activism and M&A Likely: Famed Corporate Raider
By: In the year ahead, expect to see more gaps in value that come from companies struggling to adapt to this difficult economic environment, according to famed corporate raider Augustus Oliver on the current state of activism.
"Activism exists to basically address value gaps," Augustus "Gus" Oliver, managing member of Oliver Press Partners told CNBC's "The Strategy Session" on Monday.
"The next stage is growth. And where is that growth going to come from? I think a lot of companies are going to struggle with that question," Oliver said.
In addition to an increase in activism, there will also be "enhanced merger and acquisition activity, as companies looking for growth and looking for ways to enhance their overall business will do that by buying other companies," he said.
"By contrast, companies that struggle with where they are will be sellers—or should be sellers," Oliver concluded.