- BHP Billiton Ltd: What to do With the South32 Spin Off?.
- A Look At BHP's Spin-Off South32 - Seeking Alpha.
- BHP spinoff South32 writes down $1.9 bn on manganese, coal.
- BHP spin-off South32 has cautious debut, valued at $9 billion.
- Shareholders seal BHP's transformational South32 demerger.
- BHP spin-off South32 sees M&A opportunities | MarketScreener.
- Here's what the BHP spinoff South32 will look like, including.
- BHP unwinds Billiton merger with South32 spin-off plan.
- BHP Spinoff Values South32 at $9 Billion - The New York Times.
- BHP's spin-off to be called South32 (NYSE:BHP) | Seeking Alpha.
- BHP Completes Spin Of Non-Core Ore Into South32 - Stock Spinoffs.
- BHP Billiton's Spin-Off Company to be Named South32.
BHP Billiton Ltd: What to do With the South32 Spin Off?.
South32 is about liberating a company within a company to do its own thing. Andrew Mackenzie, BHP Billiton chief executive. BHP has incurred costs of $270m to get this far with the spin-off. If. MELBOURNE (Reuters) - BHP Billiton plans to spin off its aluminium, manganese, nickel, silver and some coal assets into a company called South32 in May.... South Africa coal 6,6,21,23 103,12,42.
A Look At BHP's Spin-Off South32 - Seeking Alpha.
BHP Billiton (NYSE:BHP) will call the planned spin-off of its aluminium, nickel, silver and coal divisions South32 - based on the thirty-second parallel south line of latitude which links. Shares in the A$11 billion ($8.81 billion) spin-off first traded at A$2.13 at 0215 GMT, at the lower end of the A$2.00 to A$3.00 range forecast. The world's biggest miner BHP Billiton said Tuesday that its proposed spin-off South32 would start life with only modest net debt, allowing the new company room to expand and open additional mines. BHP is recommending shareholders vote in favour of the move at meetings in Perth and London on May 6. "The demerger will simplify BHP Billiton and has the potential to unlock shareholder value.
BHP spinoff South32 writes down $1.9 bn on manganese, coal.
Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees. BHP's South32 spinoff to cost $738m - MINING.COM. Oct. 9, 2015 3:43 am ET SYDNEY—When South32 the mining company spun out of BHP Billiton launched in May, its backers claimed its low debt and focus on a clutch of commodities would help it weather. Their BHP Billiton Shares or ADSs. • Ernst & Young Advisory Services (Pty) Ltd has reviewed and agrees with Section 8.5 relating to the description given of the South African taxation implications of the Demerger for Shareholders whose registered address on the BHP Billiton Plc Share Register is in South Africa or.
BHP spin-off South32 has cautious debut, valued at $9 billion.
BHP Billiton's spin-off mining company South32 debuted on the Australian Securities Exchange on Monday at the lower end of expectations, valued at about Aus$11.3 billion (US$9.1 billion), but its chief said it offered long-term value. "The BHP spin-off South32 has come on softer than expected," said CMC Markets sales trader Tony Kwok, adding that it was in line. BHP Billiton's (BLT.L) (BHP.AX) spin-off South32 (S32.L) (S32.AX) began trading with a market value of about $9 billion (6 billion pounds) on Monday, a third below the highest forecasts and. PERTH-BASED BHP spin-off South 32 has posted strong production growth across most of its businesses for the September quarter and kept its production guidance steady for the financial year. Source: BHP spin-off South 32 reports strong production growth in September quarter.
Shareholders seal BHP's transformational South32 demerger.
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BHP spin-off South32 sees M&A opportunities | MarketScreener.
By finance reporter Elysse Morgan. December 8, 2014, 2:56 PM. BHP Billiton has revealed the name and more details about the plan for its spin-off company. The new company will be named South32.
Here's what the BHP spinoff South32 will look like, including.
If South32 had a P/S ratio of 1, this would equate to $1.73 (approx 115p) per BHP share. BHP has promised that South32 will have a strong balance sheet, so perhaps the market will be more generous and value it at its net asset value of approximately $11.3bn. Again, this is a little more than Anglo American, but significantly less than Rio and BHP. BHP, meanwhile has moved steadily down. South 32 has climbed in its first two days as a separate company, though not by enough to offset BHP’s fall. The value of BHP’s London-listed stock has lost £7.4bn since the split, against a market value for South 32 of £6.3bn. Disclosure: Author holds no position in any stock mentioned.
BHP unwinds Billiton merger with South32 spin-off plan.
BHP Billiton shareholders running late to the company's dual general meetings in Perth and London on Wednesday needn't fret. The one item on the agenda - to approve spinning off "non-core" assets.
BHP Spinoff Values South32 at $9 Billion - The New York Times.
MELBOURNE (Reuters) - BHP Billiton plans to spin off its aluminium, manganese, nickel, silver and some coal assets into a company called South32 in May.... South Africa coal 6,6,21,23 103,12,42.
BHP's spin-off to be called South32 (NYSE:BHP) | Seeking Alpha.
Read in app. By Reuters. May 18, 2015. SYDNEY — South32, a spinoff of some of BHP Billiton’s mining assets, started trading here with a market value of nearly $9 billion on Monday, a third.
BHP Completes Spin Of Non-Core Ore Into South32 - Stock Spinoffs.
In the early years after its 2015 spin-off South 32 outperformed its father, that stodgy relic of centuries past, BHP, but over the past 12 months the old man has shown the boy how to please.
BHP Billiton's Spin-Off Company to be Named South32.
PERTH/LONDON (Reuters) - A vast majority of BHP Billiton's shareholders voting by proxy have approved the spin-off of the global miner's smaller assets into South32 on Wednesday, as expected. By Silvia Antonioli and Morag MacKinnon LONDON/PERTH (Reuters) - BHP shareholders overwhelmingly approved the spin-off of new mining and metals group South32, clearing the way for a listing this. South32 was spun off from BHP Billiton nearly a year ago. Profitability is down, reflecting the price decline for all its products. Besides a recovery of prices, restructuring of major operations.
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