ACTIVIST hedge fund manager Bell Rock has sold shares worth $260 million in Whitehaven Coal on Monday after mounting a campaign against the miner’s management over its acquisition strategy and its remuneration at last Thursday’s annual general meeting.
The amount sold represents 50% of its holdings in Whitehaven Coal.
The amount sold represents 50% of its holdings in Whitehaven Coal, which it criticised for its $6.4 billion acquisition of the BHP Mitsubishi Alliance's Daunia and Blackwater coal mines in Queensland....
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