Elliott renews call for BHP Billiton to scrap dual listing

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

Activist shareholder Elliott Advisors steps up calls for BHP Billiton (BHP +1.2%) to scrap its proposed dual listing and begin an independent and transparent review of unification by Feb. 20, when the company reports earnings.

Elliott, which holds a 5% stake in BHP, says its research shows unification would add more than $22B in value to shareholders and cost $391M, compared with the miner's previous assertion that the move would cost at least $1.3B.

BHP has resisted Elliott's request for a change in the company's structure, which includes headquarters in both Australia and the U.K.

Subscribe for full text news in your inbox