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elliott associates

Actelion fight back at rebel shareholders

by admin March 29, 2011 Business News

SWISS biotech company Actelion hit back at its activist shareholder Elliott Advisors yesterday, claiming the fund was trying to force a fast sale. Elliott, which holds a six per cent stake in Actelion, has since February been demanding an overhaul of the board and management to unlock value. Its calls have escalated from querying why [...]

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