BHP Billiton Spinoff Plan Would Unlock Shareholder Value: Sterne Agee

BHP Billiton plc (NYSE:BBL) (LON:BLT)’s proposal to spin off its non-core nickel, manganese and aluminum businesses would unlock shareholder value and boost efficiency, note Sterne Agee analysts. Josh W. Sullivan and team at Sterne Agee in today’s report note BHP’s proposal validates the analysts’ thesis on Alcoa Inc (NYSE:AA)’s sum-of-parts $22 price target. BHP Billiton’s spin-off into A$20 billion company One of the largest Aluminum producers BHP Billiton plc (NYSE:BBL) (LON:BLT) announced Monday that it is considering structural options as part of ‘simplification’ of its portfolio. The company was responding to reports that it could spin off non-core operations into…