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  "documentTitle": "Elliott Management | Activist Presentation Deck | 39 slides",
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      "kind": "callout",
      "text": "We and other shareholders would like to see management take a constructive and transparent approach to the return of excess capital and the delivery of the clear strategic and shareholder value benefits of unification",
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      "text": "Management has apparently chosen to ignore the fact that our capital return proposal is designed to be a key yardstick against which all other potential uses of BHP's surplus capital should be measured, to ensure disciplined and optimal capital allocation",
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      "text": "Shareholder returns could be further enhanced through DLC unification – which could be achieved by means of an Australian-incorporated unified BHP",
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      "text": "Shareholders remain deeply concerned that BHP's future excess capital will be wasted on further value-destructive acquisitions and other pet projects",
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      "text": "Current management's approach in reviewing the unification and capital return aspects of our Value Unlock Plan has been disappointingly negative and deeply flawed",
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      "kind": "title",
      "text": "There Is Strong Shareholder Support for BHP to Return Excess Capital to Shareholders – with Those Returns Optimized Through Unification",
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