![Elliott Management in July received a bump in the consideration for its shares in SABMiller, which owns Miller Brewing Company](https://assets.fnlondon.com/2016/08/IMG012455_full4x3.jpg)
Activist investors are increasingly taking a more subtle approach to European takeovers, by trying to influence the terms of M&A deals rather than pushing companies to sell themselves altogether.
Activist hedge fund managers are known for taking stakes in companies and then pursuing more aggressive strategies that have toppled senior executives, led to drastic restructurings and even forced companies to sell themselves.