(Reuters) BHP Billiton on Monday rejected a plan by activist shareholder Elliott Advisors to scrap the miner’s dual company structure, split off its oil business and return more cash to investors, saying the costs would outweigh any benefits. Elliott outlined the proposals in a letter to directors at BHP, adding the world’s biggest miner to a string of firms where it has lobbied for action to boost shareholder returns, including Samsung Electronics, Akzo Nobel and SABMiller.
BHP Rebuffs Elliott’s Reform Plan, Says Costs Outweigh Gains
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