News

Alliance Trust to buy back activist Elliott’s stake

Elliott Advisors bought into the investment company in 2010 in a bid to shake-up performance

Alliance Trust to buy back activist Elliott’s stake

Alliance Trust is planning to buy back shares held by Elliott Advisors, the activist investor that bought into the investment company in 2010 in a bid to shake-up performance.

Alliance Trust said in a January 27 statement that it has agreed to buy Elliott's 19.75% shareholding, or roughly 95.4 million shares.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump