Hey@kn0way , thanks for the link
re "The Woodside deal will only go ahead if the merger is approved by UK and Aus shareholders."
My understanding is that the divestment of BHP O&G to WPL only required the approval of WPL shareholders (as WPL would be issuing many more WPL shares payment, issued to BHP but with BHP then allocating them to its own shareholders as a special div) but did not require the approval of BHP shareholders (presumably as it was selling less than 10% of the overall business assets).
Of course, the integration of BHP (Au) and BHP (UK) would require the approval of both Au and UK shareholders (and this was separate to the WPL transaction).
Is this not correct?
BHP - WPL qualifying date?, page-17
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