National Express Group wins power struggle with ‘agitating’ hedge fund

National Express Group has won its battle with its largest shareholder, activist hedge fund Elliot Advisors which has an 18% shareholding in NEG, over the future direction of the company. At today’s National Express AGM, the NEG board announced that Elliott had agreed “not to agitate against the company, its board or management publicly until after the company's 2012 AGM at the earliest”, and had also withdrawn resolutions calling for three new non-executive directors to be...