BHP Billiton Gets U.S. Shale Bids of Up to $9 Billion -Bloomberg
06 June 2018 - 9:28PM
Dow Jones News
--Initial bids for BHP Billiton's U.S. shale portfolio have been
pitched at between $7 billion and $9 billion, and potential buyers
include BP PLC and Chevron Corp., reports Bloomberg, citing unnamed
sources.
--BHP is expecting proceeds of $10 billion for its preferred
single-unit sale or up to $13 billion if it sells the assets
piecemeal as bidding advances through further rounds, according to
Bloomberg.
Full story: https://bloom.bg/2kSPrzA
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(END) Dow Jones Newswires
June 06, 2018 07:13 ET (11:13 GMT)
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