WAM backs BHP’s unification plan
BHP’s plan to unify its corporate structure has won support from funds management consolidator Wilson Asset Management (WAM), with the acquisitive firm expressing confidence that pre-positioning by investors will soften the shock that BHP’s unification will have on Australia’s flagship market indices.
BHP shareholders will next week vote on a plan for the Australian side of BHP’s dual-listed company structure to acquire the British side through a one-for-one issue of shares in BHP’s Australian-listed company.
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