You raise an interesting point. The agreement takes effect at some date so profits made by BHP oil and gas will accrue to BHP. It must be the same for WPL - so why should those profits be retained for the new shareholders.
However they dont want to create an expectation that they cannot sustain. Has anyone thought about the prospect of a special dividend?
That way they keep the promised assets to the values in the agreements.
Or the agreement could cater for these issues and BHP could end up transferring some cash.
Really I would expect them to outline this during the voting process for the meeting.
You raise an interesting point. The agreement takes effect at...
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