Elliott pushes Northern Star toward strategic review after acquiring A$1 billion stake

ca.finance.yahoo.com

Elliott Investment Management has acquired over A$1 billion in Northern Star Resources, urging a strategic review and potential sale. The activist investor wants to collaborate with Northern Star during its CEO search, citing operational issues and inconsistent strategy as reasons for the company's underperformance. Northern Star shares surged 13.6% following the news, and the company stated it welcomes shareholder dialogue and regularly reviews corporate opportunities.


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Elliott pushes Northern Star toward strategic review after acquiring A$1 billion stake | News Minimalist