Sherritt Tops Armoyan With Putin’s Help: Corporate Canada
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Nickel and energy producer Sherritt International Corp. is poised to fend off an attack by activist shareholder George Armoyan, helped by the soaring price of the industrial metal.
Nickel has risen 32 percent this year, propelling Sherritt to top performer among its Canadian base-metal peers, as Armoyan has sought to convince investors to replace three of the Toronto-based mining company’s nine directors with himself and two others.