Elliott assault on BHP Billiton
Posted: April 10th, 2017, 8:40 am
US hedge fund Elliott Associates open letter to BLT board. Suggesting wholesale restructuring of the company.
The market seems to be interested - share price up 4.47% as I type. Not one of my better performers, so I am interested too. Particularly as some of Elliott's criticisms are clearly accurate.
Elliott holds 4.1% of BLT.
http://www.prnewswire.com/news-releases ... 84104.html
The market seems to be interested - share price up 4.47% as I type. Not one of my better performers, so I am interested too. Particularly as some of Elliott's criticisms are clearly accurate.
Elliott holds 4.1% of BLT.
http://www.prnewswire.com/news-releases ... 84104.html