{"id":2614,"date":"2018-02-07T09:19:20","date_gmt":"2018-02-06T22:19:20","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=2614"},"modified":"2018-02-07T09:19:20","modified_gmt":"2018-02-06T22:19:20","slug":"elliott-management-renews-calls-for-bhp-restructure","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2018\/02\/07\/elliott-management-renews-calls-for-bhp-restructure\/","title":{"rendered":"Elliott Management renews calls for BHP restructure"},"content":{"rendered":"
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Elliott Management renews calls for BHP restructure<\/h1>\n
News<\/a><\/span>\u00a0\u00a0Ewen Hosie<\/a><\/span><\/span><\/div>\n<\/header>\n
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\"\"Investor Elliott Management has again suggested that BHP should review its dual-listed structure and reorganise as a single company in Australia to add over $22 billion in value for shareholders.<\/figure>\n<\/section>\n

It is a view that the company\u2019s chief executive officer\u00a0Andrew Mackenzie has disagreed with in the past. The CEO said late last year that costs would probably outweigh the benefits, and estimated a cost of $1.3 billion.<\/p>\n

According to\u00a0Elliott\u2019s\u00a0report, however, which was created under commission by FTI Consulting,\u00a0 reorganising BHP\u2019s head operations into a single Australian entity would cost only $391 million.<\/p>\n

BHP\u2019s dual-listed structure, a result of the 2001 merger between the Australian half of BHP and the UK half of Billiton, means BHP Billiton as a whole has two HQs (Melbourne and London) and two market listings, but a single management and board.<\/span><\/p>\n

FTI\u2019s study stated that restructuring into single listing could result in a $14.1 billion increase in market valuation and a return of $8.7 billion through improved tax credit efficiency.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Elliott Management renews calls for BHP restructure February 6, 2018News\u00a0\u00a0Ewen Hosie Investor Elliott Management has again suggested that BHP should review its dual-listed structure and reorganise as a single company in Australia to add over $22 billion in value for shareholders. It is a view that the company\u2019s chief executive officer\u00a0Andrew Mackenzie has disagreed with … Continue reading “Elliott Management renews calls for BHP restructure”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[37,6],"tags":[],"class_list":["post-2614","post","type-post","status-publish","format-standard","hentry","category-clients","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-Ga","jetpack-related-posts":[{"id":848,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/02\/27\/rio-tinto-reveals-plans-to-simplify-company\/","url_meta":{"origin":2614,"position":0},"title":"Rio Tinto reveals plans to \u2018simplify\u2019 company","author":"yinghui","date":"February 27, 2015","format":false,"excerpt":"Rio Tinto plans to condense its assets into four product groups as part of a major restructure in an effort to rein in costs. 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