BHP Billiton Ltd to buy back its shares amounting to U.S. $ 6.3 billion

On Monday, April 11, BHP Billiton Ltd. announced that it has bought back 147 million shares with a value of A$ 6 billion (U.S. $ 6.3 billion). With the breakdown of each of its shares valued A$ 40.85, they get 14% discount from market price. Their repurchase shares are expected to give positive impact to earnings per share.

Previously, BHP Billiton Ltd. has bought back its shares in Australia and British with a value of U.S. $ 7.8 billion in November 2010. Then this amount increased to U.S. $ 10 billion as they buy back its shares in mid-February this year. Meanwhile, BHP estimates that the remaining shares worth U.S. $ 2.2 billion will be bought back before the end of the year.

This effort, according to Alex Vanselow, as a BHP Billiton Ltd chief financial officer, is a concrete step of this company in fulfilling its commitment to invest. Moreover, according to Alex Vanselow, climate of investment growth is increasing rapidly, supported by a progressive dividend policy. The efforts which are made by BHP Billiton Ltd. would have been predictable by economic analysts, because the share repurchase is an effort to mobilize capital.

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