Skip to content
Subscriber Only

BHP CEO Will Meet With Activist Elliott to Discuss Demands

  • Mackenzie to canvass investors on proposal to change structure
  • Shares drop in London after results missed analysts’ estimates
Video player cover image

BHP Speeds Up Plans to Exit U.S. Shale Unit

Updated on

BHP Billiton Ltd.’s top executive will meet with major critic Elliott Management Corp. this week to discuss demands for a business overhaul that the activist group argues could deliver more than $22 billion in value.

BHP’s first-half results missed analysts’ expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April. The world’s biggest mining company will also canvass other shareholders on the proposal to reorganize as a single company listed in Australia.