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Actelion board battlelines drawn as Elliott slate hits back

This article was originally published in Scrip

Executive Summary

Members of the slate being nominated to the Actelion board by Elliott Advisors have written to the Swiss company's shareholders refuting allegations about their strategic intent and restating their own criticisms of the current board's track record. In a letter to Actelion shareholders, the six nominees assert that they are independent of the hedge fund, which is Actelion's largest shareholder, and are intent on working with all shareholders to achieve a sustainable business plan that best meets the needs of stakeholders.

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