El­liott cranks up pres­sure on BHP

New Straits Times - - Business World -

SYD­NEY: Ac­tivist in­vestor El­liott Man­age­ment upped the pres­sure for strate­gic changes at BHP yes­ter­day, call­ing for an in­de­pen­dent re­view of the min­ing gi­ant’s pe­tro­leum busi­ness. El­liott, which has built up a 4.1 per cent stake in BHP’s United Kingdom-listed arm, said there were clear signs that the mar­ket was re­cep­tive to a new strat­egy for BHP. El­liott has been push­ing for BHP to col­lapse its dual-listed struc­ture, spin off its United States oil and gas as­sets and boost re­turns to share­hold­ers.

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