Activist investors at the Nairobi Securities Exchange (NSE) #ticker:NSE have stalled the planned takeovers of Kenya’s largest grain miller Unga Group and real estate firm Express Kenya, casting a spotlight on their emerging role in the raging fight against perceived abuse of corporate power.
Delaware-based Seaboard Corporation became the latest victim of the vocal investors after it failed to win the required shareholder vote to buy out Unga Group.
