By Ian Walker

Activist shareholder Elliott Advisors is calling on BHP Billiton PLC (BLT.LN) management to undertake a full, independent and transparent review of unification at the dual-listed mining firm by Feb. 20, when it reports first-half earnings.

In a letter on Monday to BHP Chairman Ken MacKenzie, Elliott said that unification will deliver more than $22 billion in value to shareholders and cost only $391 million.

Elliott said it had commissioned advisory firm FTI Consulting to conduct an independent review of unification.

BHP is currently listed in both Australia and London.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

February 05, 2018 08:55 ET (13:55 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
(ASX:AU000000BHP4-AUD)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Charts.
(ASX:AU000000BHP4-AUD)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Charts.