Elliott piles pressure on UK targets

first_img Show Comments ▼ Tags: NULL Share Monday 4 April 2011 12:12 am whatsapp Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Elliott piles pressure on UK targets center_img whatsapp Activist hedge fund Elliott Advisors has stepped up its assault on two UK companies after garnering the support of extra shareholders.At National Express, where it has built up a 17 per cent stake and called for a shake-up of strategy, it is expected to receive the backing of the transport group’s largest shareholder, Spain’s Cosmen family. The Cosmen family, a major investor in National Express since 2005, holds a 20 per cent stake but has not publicly backed the board.Sources close to National Express told City A.M. the family “has been a long term supporter of the company” and it “remains to be seen” which side of the debate it will support.Meanwhile, at Alliance Trust, where Elliott recently bought a three per cent stake, stockbroker Brewin Dolphin is set to meet management tomorrow to persuade it to discuss its share price performance, which trades at a discount to the firm’s net asset value. Elliott has not yet demanded any changes at Alliance Trust, which manages £2.4bn of funds, but in February Laxey Partners, another activist fund with a 1.3 per cent stake, called for a control mechanism to reduce its gaping 17-20 per cent share price discount. Brewin Dolphin is said to be representing shareholders that own a combined four per cent of the firm’s stock, who all want the firm to shake up its strategy. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe KCS-content last_img read more