Nov 22 (Reuters) - BHP Group PLC BHPB.L : JSE: BHP - BHP AND...

Nov 22 (Reuters) - BHP Group PLC BHPB.L :

• JSE: BHP - BHP AND WOODSIDE AGREE TO CREATE A GLOBAL ENERGY COMPANY
• BHP - BHP AND WOODSIDE SIGN BINDING SHARE SALE AGREEMENT FOR MERGER OF BHP'S OIL AND GAS PORTFOLIO WITH WOODSIDE
• BHP - WOODSIDE WILL ACQUIRE ENTIRE SHARE CAPITAL OF BHP PETROLEUM INTERNATIONAL PTY LTD (BHP PETROLEUM) IN EXCHANGE FOR NEW WOODSIDE SHARES.
• BHP - COMBINED COMPANY WILL HAVE A HIGH MARGIN OIL PORTFOLIO, LONG LIFE LNG ASSETS
• BHP - COMPLETION OF MERGER TARGETED FOR Q2 OF 2022 CALENDAR YEAR
• BHP - BHP PETROLEUM WILL TRANSFER TO WOODSIDE ON A CASH AND DEBT-FREE BASIS
• BHP - BHP HAS AGREED TO EXCLUSIVITY ARRANGEMENTS WITH WOODSIDE
• BHP - WOODSIDE WILL ISSUE NEW SHARES EXPECTED TO COMPRISE ABOUT 48% OF ALL WOODSIDE SHARES (ON A POST-ISSUE BASIS) AS CONSIDERATION FOR ACQUISITION
• BHP - WOODSIDE HAS AGREED TO SIMILAR EXCLUSIVITY ARRANGEMENTS IN CONNECTION WITH A COMPETING PROPOSAL FOR WOODSIDE.
• BHP - ON COMPLETION, WOODSIDE WILL MAKE A CASH PAYMENT TO BHP IN RELATION TO CASH DIVIDENDS PAID BY WOODSIDE BETWEEN EFFECTIVE DATE AND COMPLETION
• BHP - BHP WILL MAKE A CASH PAYMENT TO WOODSIDE FOR NET CASH FLOW GENERATED BY BHP PETROLEUM BETWEEN EFFECTIVE DATE AND COMPLETION
• BHP - ESTIMATED SYNERGIES OF MORE THAN US$400 MILLION (100 PER CENT BASIS, PRE-TAX) PER ANNUM