F&C chairman ousted by activist

Comments (0) | 3 Feb 2011 | Rating | Print by Tim Human

Long-running battle ends in defeat for asset manager as Sherborne nominees are voted onto the board

Sherborne, the activist investment firm, has succeeded in ousting Nicholas MacAndrew, chairman of F&C Asset Management, at an emergency shareholder meeting today.

Shareholders voted to remove MacAndrew, along with director Brian Larcombe, and replace them on the board with Sherborne chairman Edward Bramson and two of his allies.

‘The ...

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