LONDON, April 11 Hedge fund Elliott said on
Tuesday it struggled to understand the "dismissive and premature
nature" of BHP Billiton's response to a
restructuring plan it had proposed.
Elliott called on BHP to provide "a more thorough and
reasoned assessment" of its plan, which BHP had swiftly rejected
BHP Billiton claimed the costs of the proposal - which
called on the company to scrap its dual corporate structure,
alter its capital return policy and demerge its oil business -
would outweigh any benefits.
(Reporting by Maiya Keidan; editing by Simon Jessop)