By Benjamin Horney ( August 31, 2017, 6:05 PM EDT) -- BHP Billiton Ltd. has tapped Barclays PLC and Citigroup Inc. to assist as the Australian mining mammoth attempts to exit its underperforming U.S. shale oil and gas business, according to a Thursday report from Reuters. The report said the assets in question could be worth roughly $10 billion. The decision to divest the U.S. business comes after pressure from activist investment firm Elliott Advisors, which has reportedly built up a 5 percent stake in BHP's London-listed branch, according to the report. Elliott is seeking other changes to BHP as well, the report noted....
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