There are two issues Woodside Petroleum as chief executive Meg O’Neill fronts investors to run them through the group’s big $19 billion oil and gas buy.
The first is that the unusual all-scrip deal, where BHP Group would offload its incoming Woodside shares to its own investors, will put Woodside stock in the hands of sellers and create an overhang.
Loading...
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
