Deals
BHP Studying Shale Sale as Activist Fund Elliott Demands Review
- Hedge fund sets out revised proposals for world’s No. 1 miner
- BHP will continue to sell some U.S. shale acreage, CEO says
BHP Considers Selling U.S. Gas Shale Assets
This article is for subscribers only.
BHP Billiton Ltd. is considering further sales of its U.S. shale gas assets as it fends off the second round of attack from activist hedge fund Elliott Management Corp. over the future of the energy business within the world’s biggest mining company.
“If there is a natural owner out there who believes more upside can be achieved within this shale business than we do, then we will be more than happy to talk turkey with them,” Chief Executive Officer Andrew Mackenzie told investors at a conference in Barcelona on Tuesday. “We are actively considering further divestments. We will pursue only those options that fully realize the value of our acreage.”