I think this article provides a good explanation on why BHP Group Limited and BHP Group Plc want to merge, and the effect this will have on Plc shareholders, particularly as BHP (the 2nd biggest company) would leave the FTSE if the merger is approved.
I hope the moderators will allow this link:
https://www.ii.co.uk/analysis-commentary/what-does-bhps-structure-change-mean-shareholders-ii521151
The Woodside deal will only go ahead if the merger is approved by UK and Aus shareholders.
IMO many UK holders are selling Plc shares because they will get Limited shares if/when approval comes - they are not 'outright shorting' BHP but anticipating the new issue.
BHP - WPL qualifying date?, page-14
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Last
$40.53 |
Change
-0.230(0.56%) |
Mkt cap ! $205.5B | |||
| Open | High | Low | Value | Volume |
| $40.18 | $40.53 | $40.12 | $380.4M | 9.420M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3063 | $40.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.54 | 10286 | 2 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |