The deal is:
1. Scrip for scrip (BHP equity in energy gets merged into WPL equity in energy)
Based on:
2. Barrel equivalent for barrel equivalent (adjusted for asset base/intensity)
Put simply:
I have 1 share & 1 barrel equivalent as Bco
You have 1 share & 1 barrel equivalent as Mco
Together we have:
BMco, 2 shares on issue, 2 barrel equivalents of energy (Oil/Gas)
So there is not necessarily any dilution, rather our shares own the exact underlying equivalent of energy.
News: WPL Woodside confident shareholders will support merger with BHP's petroleum arm, page-12
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Last
$27.09 |
Change
-0.330(1.20%) |
Mkt cap ! $51.43B | |||
| Open | High | Low | Value | Volume |
| $26.80 | $27.27 | $26.80 | $164.3M | 6.068M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 849 | $27.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.10 | 1472 | 1 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| WDS (ASX) Chart |