Elliott Takes A$1B Stake in Northern Star, Pushes for Strategic Review and Sale

Elliott Investment Management revealed on Monday that it has invested A$1 billion in the ASX-listed Northern Star Resources. The activist investor then immediately began making demands, ordering Northern Star to begin a strategic review, find a buyer if necessary, and fix a board that has overseen too many self-inflicted wounds at Australia’s biggest gold miner. […] The post Elliott Takes A$1B Stake in Northern Star, Pushes for Strategic Review and Sale appeared first on the deep dive.