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Monday, March 7, 2011

Elliott woos Actelion investors via website, (ATLN)

Activist hedge fund Elliott Advisors said on Monday it has launched a website to help investors in Europe's biggest biotech Actelion (ATLN.VX) vote at the company's shareholder meeting. In February, New York-based Elliott called on Actelion to explore a possible sale, and for its chairman and chief executive to resign from the board, a call the company rejected. [ID:nLDE7130KD] On Friday, sources familiar with the situation said Elliott had hired headhunters to find candidates for Actelion's board and is also using Georgeson, a firm of proxy solicitors, to secure support from other shareholders. [ID:nLDE7231OC]

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