TORONTO, April 21 Proxy adviser Institutional
Shareholder Services is backing Sherritt International Corp
in its proxy battle, the Canadian miner said on Monday,
recommending that clients withhold votes from a slate of board
nominees put forward by activist investor George Armoyan.
Armoyan is chief executive of Clarke Inc, a
Halifax, Nova Scotia-based investment holding company listed on
the Toronto Stock Exchange.
Shareholders affiliated with Armoyan, including Clarke,
together beneficially own some 5 percent of Sherritt's shares.
(Reporting by Allison Martell; Editing by Steve Orlofsky)