Tag Archives: BHP Spinoff

Spinoff Odds & Ends: M&A For South32 , IRS To Issue Some Private Letter Rulings

It’s Thursday before Memorial Day Weekend which means it’s a perfect time for some Spinoff Odds & Ends: Thanks to Paul Singer’s Elliott Advisors there is a lot of drama swirling around BHP Billiton (BHP) (we will get to that shortly hopefully), but Bloomberg’s Gadfly checks in South32 (SOUHY), the mining giant’s 2015 spinoff. That mishmash of unloved… Read More »

BHP Completes Spin Of Non-Core Ore Into South32

By far, the world’s largest mining company, BHP Billiton(BHP) got a bit smaller this week with the spinoff(or demerger, if you prefer) of South32.  South32 is a collection of non-core bauxite, alumina, aluminium, thermal and metallurgical coal, manganese, nickel, silver, lead and zinc assets accounting for under 5% of BHP’s 2014 profit. BHP shareholders received 1 share of… Read More »