BHP Billiton commences AU$5 billion off-market buy-back program

Tuesday, 22 February 2011

Australian mining giant BHP Billiton has announced an off-market tender buy-back of BHP Billiton Limited shares that will form an important part of its expanded US$10 billion capital management program.

According to an official statement, the off-market buy-back, with a target size of AU$5 billion (US$5 billion), will commence immediately in accordance with the off-market buy-back timetable. The on-market buy-back of BHP Billiton Plc shares will continue, including over the period of the off-market buy-back process.

Tags: Australia , Oceania , BHP , investments , economics , mining

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