Alliance Trust gives progress report on overhaul
Follows earlier Elliott Advisors attack
Alliance Trust has updated shareholders on the progress of a comprehensive revamp of the company, saying it is on track to deliver combined savings for the investment business of at least £6m for 2016.
The trust's board came under pressure to agree to a number of changes following an attack by activist investor Elliott Advisors earlier in the year. Alliance Trust gives into Elliott's demands in last-minute...
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