Activist hedge fund Elliott Advisors has renewed its push for a restructure of BHP Billiton, asking the company’s board to immediately review its dual listed company structure.
Elliott said an independent report it had commissioned found that removal of the dual-listing structure would deliver more than $US22 billion of shareholder value.
It called for the board to take “the next, necessary step at BHP, which is for the board to commit to resolving, without further delay, the issue of BHP’s obsolete and value destroying DLC structure.”
Elliott, which last week also slightly bumped up its interest in BHP’s London-listed entity to 5.45 per cent, has demanded that the resources giant agree by February 20 to undertake a full and transparen…
Read the full article at: https://finance.nine.com.au/2018/02/06/09/50/elliott-renews-push-for-bhp-restructure