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Lower M&A activity and companies focused on conserving cash will mean that activists are likely to increase their focus on operational performance and how management teams react to the crisis as the basis for new campaigns. But in a few months, activists who have been waiting on the sidelines could come back with a vengeance.

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    Who said: "Why don't you come up and see me sometime?"
    • A. Mae west
    • B. Betty Boop
    • C. Sophie Loren
    • D. Lauren Bacall