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Elliott leads investors against Akzo Nobel supervisory chair

Activist investor is also putting pressure on the mining giant BHP to take advantage of a peculiarity of Australian investing

Elliott leads investors against Akzo Nobel supervisory chair

Elliott Management is leading a group of investors in Azko Nobel in a bid to oust the chairman of the manufacturing group's supervisory board, The Wall Street Journal reports.

The activist investor wants to call an extraordinary general meeting to remove Antony Burgmans from his role. Elliott and the group of shareholders it is leading collectively own more than 10% of the Dutch company.

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