BHP Billiton Spinoff Plan Would Unlock Shareholder Value: Sterne AgeeMani
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 . . .
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