Activist investor Elliott Investment Management takes voting power in Northern Star Resources after crossing a shareholding threshold, according to business reports. The US-based Elliott is described as having built its stake over months of buying and has now become a substantial shareholder in the company.
Both outlets link the move to Elliott’s ongoing activist campaign for changes at Northern Star, which owns and operates the Super Pit site. One report highlights Elliott’s entry into the company’s top holders, while another emphasizes the scale of the buy-in—reported as $2 billion—and frames the stake as part of a push for a “radical shake-up.” The sources indicate Elliott’s position strengthens its ability to influence voting and shape outcomes related to Northern Star’s governance.
While details of Elliott’s specific demands are not included in the provided excerpts, the coverage agrees that the key development is the acquisition of a large stake and corresponding voting power at Northern Star.
