M&A Partner Warren de Wied Quoted in <em>Wall Street Journal</em> Article on SEC's Proposed Plan Regarding Online Communications With Shareholders

M&A Partner Warren de Wied Quoted in Wall Street Journal Article on SEC's Proposed Plan Regarding Online Communications With Shareholders

Co-head of Fried Frank's Mergers & Acquisitions group Warren de Wied is quoted in a December 27th Wall Street Journal "Street Sleuth" column entitled "SEC's Online Plan to Cut Costs May Rally Dissident Investors." The article reported on SEC Chairman Christopher Cox's proposal to encourage shareholders to communicate with each other online and for companies to send annual reports, proxies and other communications that they currently mail to disseminate the materials on the Internet.

De Wied noted that the proposal was a double-edged sword for companies: "It's likely generally to be a benefit to companies as it can significantly reduce the costs of the preparation and distribution of proxy material. And it comes at a cost because it opens up a mechanism for dissidents to run counter-solicitations at a significantly lower cost than in the past."

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