Tag Archives: SOUHY

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

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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 »

Rio Tinto CEO Jacques: No South32 Style Spinoff Coming

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Mining giant Rio Tinto (RIO) announced a major structural reorganization several few weeks ago. As part of the restructuring, a group of ‘non core’ assets were lumped together inside of the newly formed Energy and Minerals group leading to speculation from analysts and reporters (and us) of a spinoff. After all, fellow mining peer BHP Billiton (BHP) did… Read More »