The Rising Influence of Rising Affluence

[DewDiligence]

BHP repurchases US$6.3B of its own shares in off-market transaction at average price of A$40.85/sh:

http://www.reuters.com/article/2011/04/10/bhpbilliton-idUSL3E7FA0DH20110410

The buyback constitutes about 2.5% of the outstanding shares of the dual-listed BHP/BBL. (As previously noted, BBL is the cheaper and better way to own shares of this company.) Together with buybacks previously implemented during the current fiscal year, BHP has now used up $7.8B of the $10B buyback commitment announced two months ago (#msg-60136197).