A big day for activists

The success of Sherborne Investments in winning board representation at F&C Asset Management by a 65% majority has signalled open season for activist investors in the UK

The success of Sherborne Investments in winning board representation at F&C Asset Management by a 65% majority has signalled open season for activist investors in the UK.

Sherborne's success in winning the five resolutions at today's EGM by such clear majorities has been one of the biggest scalps by an activist shareholder.

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