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

Date : 17/12/2018 @ 09:51
Source : Dow Jones News
Stock : Bhp Group Fpo (BHP)
Quote : 40.93  0.77 (1.92%) @ 18:49
Bhp Billiton share price Chart

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

Bhp Billiton (ASX:BHP)
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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


(END) Dow Jones Newswires

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

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