Elliott Calls on BHP Billiton Unification Review by Feb 20
February 05 2018 - 8:10AM
Dow Jones News
By Ian Walker
Activist shareholder Elliott Advisors is calling on BHP Billiton
PLC (BLT.LN) management to undertake a full, independent and
transparent review of unification at the dual-listed mining firm by
Feb. 20, when it reports first-half earnings.
In a letter on Monday to BHP Chairman Ken MacKenzie, Elliott
said that unification will deliver more than $22 billion in value
to shareholders and cost only $391 million.
Elliott said it had commissioned advisory firm FTI Consulting to
conduct an independent review of unification.
BHP is currently listed in both Australia and London.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
February 05, 2018 08:55 ET (13:55 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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