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Elliott willing to back BHP board candidate as next chairman: source
May 11, 2017 6:21 AM EDTBy James Regan
SYDNEY (Reuters) - Elliott Management is willing to back a board member of BHP Billiton (NYSE: BHP) (NYSE: BLT) to be its chairman upon the retirement of Jac Nasser despite deep reservations about its top management, a source close to the activist shareholder said on Thursday.
Elliott, founded by billionaire Paul Singer, is pushing for a $46 billion overhaul at BHP that includes spin offs, dismantling a corporate structure built on dual listings in London and Sydney and returning more money to shareholders. The Anglo-Australian miner... More
