Elliott applies U.S. activist investor tactics to BHP offensive
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BHP Billiton (BHP) Says Disadvantages of Elliott's Proposal Would Significantly Outweigh Potential Benefits
April 12, 2017 6:52 AM EDTThis update provides further information in response to the letter dated 10 April 2017 from Elliott Associates, L.P. and Elliott International, L.P. (Elliott) describing its proposals for changes to the BHP Billiton Group's Dual Listed Company (DLC) structure, portfolio and capital management.
Please also refer to our presentation dated 12 April 2017 titled "Response to Elliott Proposals" http://www.bhpbilliton.com/media-and-insights/news-releases/2017/04/bhp-billiton-review-of-elliott-proposals.
The Board and management regularly review the DLC structure and our portfolio of assets so as to optimise long-term value for all shareholders. Consistent with this focus, the Company has simplified its business in recent... More
