Activist hedge fund Elliott Investment Management has stepped up pressure on Australian gold producer Northern Star Resources, putting forward six potential directors after negotiations with the company failed to deliver agreement on board changes, according to a report by Northern Miner.
Elliott disclosed that it now owns a 5.6% stake in Northern Star, having initially built a position worth more than AUD1bn ($706m) in June. The New York-based investor is calling for significant changes to the...
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