IPO Edge sister platform CorpGov hosted a fireside chat with Phil Denning, Partner and Managing Director of ICR at the 36th Annual Tulane Corporate Law Institute in New Orleans, Louisiana. The in-person interview was joined by Editor-in-Chief John Jannarone and they discussed what makes companies vulnerable to activist attacks – both on the long and short sides.
Mr. Denning emphasized that many short attacks have a very brief impact as investors quickly realize that claims are baseless. But it’s important for companies to identify arguments that may sway investors and be equipped with the right responses.
Watch the full recording below:
About ICR
Established in 1998, ICR partners with its clients to execute strategic communications and advisory programs that achieve business goals, build awareness and credibility, and enhance long-term enterprise value. The firm’s highly-differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to approximately 1,000 clients across more than 20 industry groups. ICR’s healthcare practice operates under the ICR Westwicke brand (www.westwicke.com). Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Norwalk, Boston, Baltimore, San Diego, San Jose and Beijing. Learn more at www.icrinc.com. Follow us on Twitter at @ICRPR and LinkedIn
About Phil Denning
Phil is co-head of the firm’s special situations group and head of the firm’s real estate, financial & professional services, aerospace & defense, and energy corporate communications industry groups. He is experienced in shaping investor expectations, interpreting performance, and communicating strategy. With over 20 years experience, Phil has advised a wide range of public and private companies and their boards on corporate communications, transaction communications, media relations, crisis communications, and investor relations.
Phil counsels directors and executives on communicating mergers, acquisitions, activist and short defense campaigns, executive transitions, proxy contests, IPOs, restructurings, litigation and regulatory investigations. Recent engagements include voxeljet’s IPO, lululemon athletica on product quality concerns, Furniture Brands on its Chapter 11 bankruptcy filing and sale, Sourcefire on a CEO transition, TRI Pointe Homes merger with Weyerhaeuser’s home building business, The Tile Shop on a short defense, and Cardtronics on litigation support.
Phil joined ICR from RLM Finsbury where he was a Principal and member of the U.S. Executive Committee. Previously Phil was with Marsh & McLennan, head of investor relations at Kroll Inc., and Managing Director at IR boutique Kehoe, White, Savage & Co. He graduated from Fordham University with a BS in finance and received an MBA from Fordham Graduate School of Business.
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