Tuesday, August 19, 2014

BHP announces spin-off plan, no share buyback for now

MELBOURNE/LONDON (Reuters) – The world’s biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.
But it held off on a share buyback,...
BHP announces spin-off plan, no share buyback for now

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