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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.
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(END) Dow Jones Newswires
December 16, 2018 17:36 ET (22:36 GMT)
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