LONDON, April 10 BHP Billiton
said on Monday the cost of a proposal from hedge fund manager
Elliott Advisors to unlock shareholder value would outweigh any
The plans would involve scrapping the mining giant's dual
corporate structure, demerging its oil business and rejigging
its capital return policy.
"After reviewing the elements of Elliott's proposal, we have
concluded that the costs and associated risks of Elliott's
proposal would significantly outweigh any potential benefits,"
BHP said in a statement.
(Reporting by Rahul B and Barbara Lewis; editing by Jason