BHP Billiton
2 activist/short documents on this target.
Timeline
2017-04-10
Elliott Management · full deck
BHP's DLC structure, stranded US petroleum, and undisciplined capital allocation depress value; unifying, demerging, and running 14% discounted buybacks unlocks ~49% upside and US$46bn.
N5 V3
2017-05-16
Elliott Management · full deck
BHP's chronic underperformance stems from value-destructive petroleum bets and an obsolete DLC structure; demerging US petroleum, unifying the DLC and returning capital unlocks c.US$46bn.
N5 V4