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Australia’s Top Gold Miner Spurns Elliott Push to Revamp Board

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Australia’s Top Gold Miner Spurns Elliott Push to Revamp Board Northern Star Resources Ltd., Australia’s largest gold miner, has rejected activist investor Elliott Investment Management LP’s calls to overhaul the company’s board. Elliott suggested six new board members on Wednesday, stepping up a campaign to lift the company’s performance that’s been underway since June. Northern Star has responded by reiterating that it had already been undertaking a process to add skills to the board well...

Australia’s Top Gold Miner Spurns Elliott Push to Revamp Board Northern Star Resources Ltd., Australia’s largest gold miner, has rejected activist investor Elliott Investment Management LP’s calls to overhaul the company’s board. Elliott suggested six new board members on Wednesday, stepping up a campaign to lift the company’s performance that’s been underway since June. Northern Star has responded by reiterating that it had already been undertaking a process to add skills to the board well before Elliott came along, and had attempted to engage with them constructively.
Australia (LOCATION) Elliott Push (PERSON) Revamp Board Australia’s (ORG) Top Gold Miner (ORG) Revamp Board Northern Star Resources Ltd. (ORG) Elliott Investment Management LP’s (ORG) Elliott (PERSON) Northern Star (ORG)
Originally published by Bloomberg Markets Read original →