Hess’ latest moves to transform itself into a pure-play exploration and production company did not impress Elliott, which alleged in a new presentation on its website, reassesshess.com, that Hess’ board and management “do not want to be accountable to shareholders”.
Elliott reiterated its demand that its five “independent” nominees be named to the board and the company be split in two — a Bakken-focused company designated Hess Resource and Hess International for “long-life, oil-weighted, high cash-flowing assets with ready market”.
The
