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BRIEF-Activist Elliott Pushes BHP To Seek Independent Review Of Its Listing Structure

Published 05/02/2018, 10:58 pm
Updated 05/02/2018, 11:00 pm
© Reuters. BRIEF-Activist Elliott Pushes BHP To Seek Independent Review Of Its Listing Structure

Feb 5 (Reuters) - ELLIOTT:

* CALLED ON BHP CHAIRMAN AND BOARD TO PUBLICLY COMMIT - BY FEB 20 - TO UNDERTAKE A FULL, INDEPENDENT AND TRANSPARENT REVIEW OF UNIFICATION AT BHP

* UNIFICATION AT BHP WOULD DELIVER IN EXCESS OF US$22 BILLION OF SHAREHOLDER VALUE - INDEPENDENT REPORT BY FTI CONSULTING

* FTI CONSULTING REPORT, PUBLISHED TODAY ALONG WITH THE LETTER, WAS COMMISSIONED BY ELLIOTT IN ORDER TO MOVE THE ISSUE FORWARD

* FTI REPORT FOUND COST WOULD BE ONLY C. US$391 MILLION, PRESERVE BHP'S ABILITY TO USE PLC'S CARRY-FORWARD TAX LOSS ASSETS AFTER UNIFICATION

* FTI REPORT FOUND UNIFICATION WOULD PROVIDE BHP WITH VALUABLE STRATEGIC OPTIONALITY AND FLEXIBILITY

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