Elliott holds fire on BHP board

Original article by James Thomson
The Australian Financial Review – Page: 18 : 25-Aug-17

Elliott Management holds five per cent of BHP Billiton’s London-listed shares, but the activist hedge fund has chosen not to seek representation on the board at the 2017 AGM. Nominations closed in late August, and Elliott has declined to comment on speculation that its decision was linked to Grant King’s recent resignation from BHP’s board. Incoming chairman Ken MacKenzie has met extensively with shareholders, who expressed their dissatisfaction with King’s appointment to the board in early 2017.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, ELLIOTT MANAGEMENT CORPORATION, ORIGIN ENERGY LIMITED – ASX ORG, WESFARMERS LIMITED – ASX WES, BP AUSTRALIA LIMITED, BUSINESS COUNCIL OF AUSTRALIA

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