COMPANIES

Investor community backs BHP rethink

Activist investment fund Elliott Management has put a cat among the pigeons with a proposal for BHP Billiton (AU:BHP) to dump its dual-listed structure, but a more interesting ‘cat’ is a suggestion that the company’s focus on tier-one assets is not the best way to run a big miner.

BHP boss Andrew Mackenzie may need to rethink the philosophy of 'size over substance'

BHP boss Andrew Mackenzie may need to rethink the philosophy of 'size over substance'

BHP management has been quick to reject Elliott’s three-stage revamp, which would see it shift to a primary listing on the London Stock Exchange, retain an Australian head office, and spin-off of US onshore...

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