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Activist investor Elliott takes stake in Taylor Wimpey and demands change
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Activist investor Elliott has turned its fire on housebuilder Taylor Wimpey, demanding it find a chief executive from outside the organisation, after boss Pete Redfern resigned earlier this week. The aggressive US hedge fund also disclosed in a letter published on Friday that it was among the top five shareholders in Britain’s third-largest housebuilder, although it did not disclose exactly how much of a stake it holds.
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