No hurry to unwind BHP stock split: UBS

Original article by Matt Chambers
The Australian – Page: 22 : 16-Mar-18

A report from UBS concludes that BHP Billiton would be better off retaining its dual-listed structure for now, noting that abolishing it would have implications in terms of taxes and franking credits. The firm concludes that there may be a case for scrapping the dual listing in three years’ time, when BHP has exhausted its tax credits. A recent analysis by FTI Consulting on behalf of activist hedge fund Elliott Management concluded that the financial benefits of shifting to a primary listing in Australia could be worth around $US22bn ($A28bn) for BHP.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, ELLIOTT MANAGEMENT CORPORATION, FTI CONSULTING INCORPORATED, AUSTRALIA. DEPT OF THE TREASURY

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