Two months after reports emerged that BHP Billiton plc had hired Barclays Capital to sell its Fayetteville shale gas assets, which it acquired for $4.75 billion in 2011, investors of the dual-listed company's Australian arm BHP Billiton Ltd. are said to be on board with the majority of a plan proposed earlier this year by activist investor Elliott Management Corp. Australian Foundation Investment Co. and Wilson Asset Management International Pty. Ltd. have met with Elliott Management, and both believe the activist's campaign has been helpful, The Australian Financial Review reported late Sunday, July 16. Australian Foundation most recently reported holding roughly 14,000 of BHP's Australia-listed shares worth $275 million, representing a 0.44% stake in the company, according to FactSet Research Systems Inc.