(Reuters) Activist investor Elliott Management raised the pressure for strategic changes at BHP (BHP.AX) (BLT.L) on Tuesday, calling for an independent review of the mining giant’s petroleum business.Elliott, which has built up a 4.1 percent stake in BHP’s London-listed arm and is urging changes to boost shareholder value, said there were clear signs the market was receptive to a new strategy for BHP.”There is extremely broad and deep-rooted support for pro-active steps to be taken by management to achieve an optimal value outcome for BHP’s petroleum business following a formal open review,” it said in letter to management.
Elliott Increases Pressure on BHP to Ditch Petroleum
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