BLOG: Win-win for Laxey as Alliance battle reaches climax
This Friday the 123rd annual general meeting of Alliance trust will not be the serene affair the company's board is used to, as Laxey Partners' long-running call to integrate a discount control mechanism reaches its climax.
The activist investor has argued the case for a DCM since last November to rein in the £2.8bn trust's discount from 17% to a maximum of 10%. Laxey's outspoken chief executive, Colin Kingsnorth, said...
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