Alliance Trust CEO urges shareholders to spurn activist Elliott

April 10, 2015 12:46 PM

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LONDON, April 10 (Reuters) - Alliance Trust on Friday urged its shareholders to disregard a form sent out by activist hedge fund Elliott Advisors seeking their support for a boardroom shake-up, as the deadline for a vote nears.

Elliott wants their support in a planned vote at the company's annual general meeting on April 29 to elect three independent non-executive directors of its choice, after it raised concerns about the trust's governance.

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