- Published: Wednesday, 01 October 2014 15:41
- Written by Steve Fiscor
By Steve Fiscor, Editor-in-Chief
One of the big stories this month is BHP Billiton spinning off a group of assets as the company plans to get back to basics (See Leading Developments, p. 4). The $16 billion deal, the largest of its kind in the mining business, drew immediate fire from analysts and stockholders, who were anticipating something else. If the new company, which has no name and will not be headquartered in Melbourne, were a restaurant, the menu would be described as an eclectic mix. The new company could become a takeover target. In this business climate, there are only a few companies with deep enough pockets to buy everything on the menu, but some may order a al carte.