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American-style activism takes hold across the pond

Comments (0) | 28 Jun 2011 | Rating Rating (-1 to +1): 0.0

IR magazine finds shareholders on the offensive in Europe

Elliott Advisors knows how to start a ruckus. This proxy season, the activist hedge fund attempted to instigate boardroom coups at both Actelion, the Swiss biotech giant, and National Express, a leading British bus and rail operator.

Shareholders jeered Elliott at Actelion’s annual meeting in Allschwil, Switzerland, and defeated ...

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