This is only my theory but consider the speed at which the merger by BHP took place. Firstly M. Henry sold approx 5 million in shares last month, he knew iron oe was about to tank. He would have known O&G was about to rocket North, placing a takeover would have taken time, he has affectly locked in 48 percent of WPL with no outlay and a value of $54.Next part is BHP shareholders suddenly see value in WPL, while the focus is on rising prices, BHP only have to acquire an additional 5 percent on the open market. They go back to shareholders for a vote. WPL pickup up for a song and Geraldine ends up running the O&G division.
Henry's to smart, he has a plan....
This is only my theory but consider the speed at which the...
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Last
$42.30 |
Change
0.760(1.83%) |
Mkt cap ! $214.5B | |||
| Open | High | Low | Value | Volume |
| $41.32 | $42.30 | $41.18 | $505.2M | 12.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1220 | $42.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.30 | 12134 | 2 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |