To include your compound in the COVID-19 Resource Center, submit it here.

Voting for the local hero

Actelion shareholders jeer Elliott Advisors; reject firm's proposals

Annual company meetings are generally pretty staid affairs, but the representative of activist investor Elliott Advisors was booed at Actelion Ltd.'s AGM last Thursday, as local shareholders turned out to support the company.

With its proposals rejected out of hand, Elliott now must decide whether to maintain its 6%-plus stake, admit defeat and unwind its holdings, or cobble together a 10% holding by itself or with other shareholders that would be required

Read the full 711 word article

Trial Subscription

Get a two-week free trial subscription to BioCentury

SIGN UP

Article Purchase

This article may not be distributed to non-subscribers
More Info >PURCHASE