BHP Purchases 5% of Stock in US$5.2 Billion Buyback

Date : 17/12/2018 @ 09:51
Source : Dow Jones News
Stock : BHP Group Limited (BHP)
Quote : 34.94  0.0 (0.00%) @ 08:06
BHP share price Chart

BHP Purchases 5% of Stock in US$5.2 Billion Buyback

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   By Rhiannon Hoyle 
 

SYDNEY--BHP Group Ltd. (BHP.AU), the world's biggest miner by market value, said it purchased 5% of its stock in a US$5.2 billion buyback funded by the sale of its U.S. shale unit.

BHP said it bought roughly 265.8 million Australian shares at a price of 27.64 Australian dollars each (US$19.83), a 14% discount to their market value.

The miner also said it will pay shareholders a US$1.02-per-share special dividend in January.

 

-Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

 

(END) Dow Jones Newswires

December 16, 2018 17:36 ET (22:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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