Sherborne wins battle to oust F&C board members

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Sherborne Investors has won its fight to oust members of F&C's board, receiving a majority vote at a general meeting held today.

The activist investor, which holds a 17.5% stake in F&C, received 65% shareholder approval for its motion to remove Nicholas MacAndrew from the board of F&C Asset Management, while 61% voted in fav...

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