Well no, your divestment due to size angle is wrong also. The merged WPL/BHPP entity is obviously larger than WPL on its own therefore warrants a higher index weight. Insto shareholders would need to take no action at all to keep the same proportion to index weight.
As for retail holders already holding WPL they'd have the same proportion of underlying Assets before and after the merger.
You seem to be clutching at straws.
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$38.45 |
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