BHP set to diversify into new industry.John Smith22.05 AEST...

BHP set to diversify into new industry.
John Smith


22.05 AEST Sydney (Rorters) - In a move that is likely to stun the investment community, BHP Billiton has announced an all script offer for Soil Sub Technologies (ASX:SOI). BHP CEO Marius Kloppers told reporters, "Soil Sub Technologies fits with the strategic direction in which BHP is headed. We may even sell our iron ore, coal and oil businesses if we can find more opportunities like this." Following the announcement, analysts upgraded SOI to 'outperform'. The majority of analysts continued to rate BHP as a 'hold'.