Search
US-based investors in BHP Billiton may favour a structural change to the business.

Political edge to BHP break-up play

OPINION: Corporate events such as takeovers and break-up proposals do not always have a political edge to them, but when they involve BHP Billiton, once Australia’s biggest company, politics are not far away (and neither is Western Australia).

That was certainly the case in the 1980s, when BHP (before it merged with Billiton) was the target of a series of attacks by Perth-based entrepreneur, the late Robert Holmes a Court, via one of the company’s he controlled, Bell Resources.

Non-political at the start, Holmes a Court’s raid on BHP became highly political at the end when the WA government was sucked into the process after its insurance arm joined with Alan Bond to make a joint takeover bid for Bell Group, which owned 40 per cent of Bell Resources.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

South32 (S32)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/06/17

1 year TSR5 year TSR
115thSouth3278%0%
131stAtlas Iron67%-62%
154thFortescue Metals Group58%5%
317thWoodside Petroleum15%5%
434thNorthern Star Resources-2%48%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/12/16
$0 Issued
14/11/16
$91k Bought
31/08/16
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$9,806.1m
2nd↑South32$8,262.9m
3rd-Woodside Petroleum$5,715.9m
4th↑Atlas Iron$803.7m
5th-Northern Star Resources$787.2m
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from South32

2ndGraham Kerr$7.368m
10thRicus Grimbeek$2.950m
13thBrendan Harris$2.662m
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer