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  "documentTitle": "Elliott Management | Activist Presentation Deck | 39 slides",
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  "authorName": "Elliott Management",
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  "presentationDate": "2017-04-01 00:00:00",
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  "notes": "The slide uses a 'problem-solution' structure, contrasting historical value-destructive acquisitions with a proposed capital allocation strategy.",
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      "text": "BHP is expected to generate US$31bn of excess cashflow in the next 5 years. BHP has historically used excess cash for value-destructive acquisitions. BHP should return excess cash to shareholders via 14% discounted off-market buybacks.",
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