AthosI think what you have written is correct except for point 5.
5. In summary, BHP in effect has given away certain assets to another company (WPL) for no consideration. (What consideration it did get (the WPL shares) it passed on to it's own BHP shareholders).
Should read : In summary, BHP in effect has given away certain assets to another company (WPL) for WPL shares. which it will distribute to its shareholders
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- Ann: Merger update and details of Woodside share distribution
Ann: Merger update and details of Woodside share distribution, page-56
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