STOCKHOLDERS – UNITED STATES

Murdochs agree to cap on Fox voting power

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Original article by Max Mason
The Australian Financial Review – Page: 21 : 8-Nov-19

The Murdoch Family Trust has agreed to limit its voting rights in the new Fox Corporation to 44 per cent, with the cap to apply in perpetuity or until the Murdochs sell out of the company. The limit will help to facilitate $US2 billion ($2.9 billion) worth of share buybacks that Fox announced as part of its latest quarterly results. The buyback will include a mix of Class A and Class B Fox shares, with Fox’s independent directors keen to increase the liquidity of its Class B shares.

CORPORATES
MURDOCH FAMILY TRUST, FOX CORPORATION

Elliott holds fire on BHP amid ‘smarter’ strategy

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Original article by Matt Chambers
The Australian – Page: 20 : 17-Aug-17

Elliott Management has welcomed the business strategy BHP Billiton has adopted since the US hedge fund began lobbying for a restructuring of the resources group. The activist investor has disclosed that it has become a substantial shareholder, with direct ownership of five per cent of BHP’s London-listed shares. It previously had exposure to BHP via derivatives. Elliott also has an 0.5 per cent economic interest in BHP’s Australian-listed shares.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, ELLIOTT MANAGEMENT CORPORATION, BLOOMBERG LP, BLACKROCK INCORPORATED, THE VANGUARD GROUP INCORPORATED, ABERDEEN ASSET MANAGEMENT LIMITED