BHP CEO Plans Meeting With Elliott After New Oil Demand
- Meeting said to take place tomorrow at conference in Barcelona
- Elliott is pushing BHP for an independent review of oil unit
BHP Considers Selling U.S. Gas Shale Assets
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BHP Billiton Ltd. Chief Executive Officer Andrew Mackenzie plans to meet with representatives of Elliott Management Corp. this week as the hedge fund continues to push for the sale of the company’s U.S. petroleum business, according to two people familiar with the situation.
The meeting is scheduled for Wednesday on the sidelines of a mining investment conference in Barcelona, the people said, asking not to be identified as the talks are confidential. It will be the first time that Mackenzie has met with Elliott since the activist fund went public with a set of demands last month, they said.