The funds manager has called for an open and independent review of BHP's petroleum business.
Elliott called on BHP on April 10 to restructure its current corporate structure, which consists of a United Kingdom and an Australian company, and spin off its petroleum unit.
It had also asked BHP's board to improve returns by merging the United Kingdom and Australian entities into a single Australian-headquartered and London-listed company. They are separate legal entities with different investor bases, but are managed as if they were one.
Activist investor Elliott Management renewed calls a shake up at BHP (BHP) Tuesday, claiming broad investor support for its plan to sell some or all of the mining giant's United States oil assets.
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BHP Billiton Ltd (BHP.AX, BLT.L, BBL, BHP) said that it will use a new logo starting Monday, saying simply "BHP" in block letters, dropping Billiton from its name.
Chief executive of the Australian mining giant, Andrew Mackenzie, said the miner was in progress on its ambitious plans to achieve this as outlined last year.Mackenzie said since that time, BHP had made consistent progress and was confident that continued delivery of these plans could grow the value of the company by up to 50 percent and nearly double the return on capital. "Our path is deliberate, with value and returns at the centre of everything we do", Mackenzie said.
BHP spent about $20 billion buying USA shale assets in 2011, including $12 billion for Petrohawk Energy, which owned the Hawkville site, and $4.75 billion for Fayetteville Shale properties from Chesapeake Energy. "The current period of shareholder activism could result in a break-up and/or a significant adjustment of the company's structure", wrote Citi analysts.
Tehran mayor quits race for Iran presidency
The news Qalibaf was standing down broke as Raisi was delivering a speech in Shiraz, thrilling his supporters. Iranian cleric and presidential candidate Ebrahim Raisi shown at a campaign rally in Tehran, Iran.
Trump considering numerous candidates for FBI director
CBS Evening News, citing a source who has spoken with Comey , said on Twitter that Comey hopes there are "lots of tapes". White House Press Secretary Sean Spicer holds his daily briefing at the White House in Washington on May 3.
Elliott has complained of BHP's "chronic underperformance" since it began its assault earlier this year, but has rowed back on earlier calls for the mining giant to have its main listing in London.
An example would be International Consolidated Airline Group, which resulted from the 2010 merger of British Airways and Iberia.
It instead said BHP's management should work harder to find a solution to the legacy structure, which it said is obsolete and creates a long-running mismatch between the two shares.
In the prior 12 months BHP Billiton PLC's stock price has increased by 46.9% from 810.39 to 1190.5.
Shares in BHP Billiton PLC have risen as high as 1518.5 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 786.4.
BHP said it would review the proposals and dismissed claims that it wasn't open to suggestions.
Elliott has put the cost of unification at $200 million and said BHP's $1.3 billion estimated cost was "flawed and misleading".
A 22-year old security researcher in the United Kingdom discovered a "kill-switch" to initially stop the spread of the attack. Hackers have issued new versions of the virus that cyber security organizations are actively trying to counter and stamp out.
Le président russe a joué deux mélodies de deux chansons russes: "Les fenêtres de Moscou " et " La ville sur la Neva libre ". Au micro et au rythme blues de Blueberry Hill , il tait parvenu à séduire trois jurys sur quatre.
Top-line winger Bryan Rust left after he took a big hit from Senators defenceman Dion Phaneuf and fell backward hard onto the ice. Offence is key and the Penguins really have to get it going if they want any chance at beating these pesky Senators.
Congress spokesperson RS Surjewala defended Chidambaram saying: "Revenge of false cases has become the DNA of BJP". Speaking at a press conference in New Delhi Goyal said that Modi government is acting against corruption.
Asked on "Fox News Sunday" about Trump's decision to set up a taping system, Lee called it "not necessarily the best idea". John Cornyn of Texas. "Right now, it is a counterintelligence investigation, not a criminal investigation".
USA officials said the missile hit the water around 60 miles (around 100 kilometers) from eastern Russia's Vladivostok. The statement came a day before the Security Council holds an urgent session to discuss the missile test.
Il faudra en revanche se contenter de 30fps, et ce notamment en raison de la disparition du code source. Pour mémoire, Phantom Dust avait été développé par Yukio Futatsugi, le géniteur de Panzer Dragon .
Worldwide standards should compel countries not to stockpile or exploit software vulnerabilities, Smith says. Hunt told broadcaster Sky News, the United Kingdom had "never seen a ransomware attack on this scale".
Snap reports $2.2bn loss in Q1, slams Facebook
Snap Inc.'s quarterly report showed that the newly-public company lost a mind-numbing $2 billion in the previous quarter alone. Investors are anxious that Snapchat will continue to falter as Facebook (NASDAQ:FB) continues to target the app's audience.
Next challenge for golf prodigy is Kim Jong
The strength of The Players Championship is the depth of its field, the size of its purse and the pedigree of so many winners. The golfer netted nearly $2 million in prize money, a five-year tour exemption and his very own locker at TPC Sawgrass.
North Korea threatens South after firing missile
The Security Council has adopted six sanctions resolutions against North Korea because of its missile and nuclear weapons program. The missile is known to be developed with the technology applied to submarine-launched ballistic missiles (SLBMs).
Don't Count on AirPods in iPhone 8 Box
Last year, Apple announced the iPhone 7 and iPhone 7 Plus on September 97 2016 and the devices went on sale on September 16, 2016. A JPMorgan analyst (via 9To5Mac ) suggests that the OLED display will be edge-to-edge only horizontally and not vertically.
Pope Canonizes 2 Fatima Child Shepherds
More than a thousand people attended the liturgical service which was also held to celebrate the Silver Jubilee of the parish. Pope Francis said the claims are still being looked into in remarks reported in full by Catholic News Agency.