LONDON Feb 28 Shareholders in Alliance Trust
voted on Tuesday to buy back shares in the firm that
are currently held by U.S. activist hedge fund Elliott
Paul Singer's Elliott was engaged in a five-year fight to
force Alliance, one of Britain's oldest investment managers,
into a series of improvements, including overhauling its board.
Alliance said in January that it planned to buy back
Elliott's 19.75 pct stake, marking an end to an at times bitter
campaign by the activist.
Over 83 percent of shareholders voted in favour of Alliance
buying back Elliott's shares in five tranches at discount of
4.75 percent to net asset value.
(Reporting by Maiya Keidan; Editing by Rachel Armstrong)