Actelion wins proxy support

ACTELION won new support against rebel investor Elliott Advisors yesterday as voting agency IVOX and Swiss investor representative Ethos Foundation backed its board.

IVOX and Ethos separately advised members to reject Elliott’s bid to change seven board members for six of its own choice, and vote for Actelion’s plan to add Jean-Pierre Garnier and Robert Bertolini to the board. Ethos said it was “in the long-term interests of all the company’s stakeholders.”