Activist who set sale in motion is a bit surprised

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Mar 14, 2006
When investment consultant Peter J. Tanous visited longtime acquaintance Bruce S. Sherman last month, he found the Florida investor surprised by the attention he was receiving as the instigator behind the newspaper industry's shake-up and Knight-Ridder's sale.



"He's been a activist for more than 20 years," said Tanous, president of Lynx Investment Advisory Inc. who has advised clients to invest with Sherman. "He said, 'You know Peter, when I was doing this years ago, nobody paid any attention, and now that I'm doing it with bigger companies, everybody is paying attention.' "


Sherman's agitation led to the announcement yesterday of the sale of Knight Ridder Inc. to McClatchy Co. It occurred at a time when shareholder activists of all stripes are getting a lot more attention.

http://www.baltimoresun.com/business/bal-bz.sherman14mar14,0,251834.story?track=rss