Confrontational Activist Shareholder Tactics Are Finding a New Home in Australia

As BHP Billiton bhp fends off the attention of Elliott Management, activist funds are targeting other Australian firms, shaking up a corporate culture that has long favored quiet chats over splashy headlines.

Seeking new, less crowded markets, activist investors are using Australia’s shareholder-friendly laws to pressure corporate boards criticised as clubby and conservative in an effort to improve returns.

“Whereas before it was quite normal for...

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