BHP hit amid merger caution
BHP investors have given tentative support to the mining giant’s biggest structural shake-up in a generation but the mining giant’s shares took a beating.
BHP investors have given tentative support to the mining giant’s biggest structural shake-up in a generation but the mining giant’s shares took a beating.
After unveiling the blockbuster merger deal with the mining giant on Tuesday, Woodside shareholders are waiting for further details.
BHP was working on a straight demerger for its $20bn petroleum unit before Woodside expressed interest in recent months.
The ASX closed barely changed but would have ended in the green without BHP’s share price slump.
BHP’s plan to leave the FTSE 100 has prompted further debate about the attractiveness of the UK listing regime.
BHP’s exit from oil and gas unfolds a saga that is both dramatic and far-reaching. Its origins lie in a speech five years ago.
ASX 200 closes down 0.1%. CSL, BHP, Woodside shares lower. Domino’s Pizza up 7%. Qantas makes jabs mandatory for workers.
Meg O’Neill will lead Woodside after it announced a blockbuster $40bn merger with BHP’s petroleum arm
BHP will merge its petroleum arm with Woodside, making the combined company one of the 10 largest oil and gas producers in the world.
BHP is set to finally abandon the final legacies of its $US28bn merger with Billiton in 2001.
Former BHP chairman Don Argus has applauded the move by BHP to dissolve the dual-listed company structure he helped create 20 years ago.
New Woodside CEO Meg O’Neill won over Richard Goyder as she takes the opportunity of a lifetime with both hands.
Another big payday is looming for investment banks and law firms after Woodside agreed to merge with BHP’s petroleum unit, as announced on Tuesday
BHP boss Mike Henry has stamped his own mark on the world’s biggest mining company, launching a radical reshaping of BHP’s structure and mix.
BHP and Woodside have agreed to merge petroleum assets, creating a global energy giant and giving the miner an exit from fossil fuels.
For Woodside, any deal must deliver a balance sheet for a shapeshifting not seen in the company’s history.
Woodside Energy’s plan to buy BHP’s petroleum business has sparked fierce debate about the amount that should be paid for the division.
ASX finishes at lowest level in two weeks. Financial stocks including CBA and resource companies sold off. After market close, BHP and Woodside confirm $40bn petroleum merger. BHP to pay record dividend.
A $40bn petroleum deal with BHP would fast-track Woodside into a globally significant energy player but a key shareholder is vowing to vote against the deal.
A $40bn combination of their oil and gas assets would shift BHP neatly into Mike Henry’s ‘future facing commodities” narrative, but what would it do for Woodside?
There is no doubt that the deal will be significant, potentially a game-changer, for Woodside.
Woodside Petroleum and its adviser, Gresham, is understood to have agreed to a deal in principle to buy BHP’s $20bn petroleum business.
Mining giant BHP is staking its future on China – essentially putting all its eggs in a very fragile basket.
Woodside is understood to have chosen advisory firm Gresham for its planned deal to buy BHP’s $20bn petroleum business.
Worst day in past 13; ASX 200 closes down 0.6% at two-day low. Bumper profits from JB Hi-Fi, BlueScope Steel. Sydney Airport rejects near $23bn bid. BHP, Woodside confirm $40bn asset merger talks.
A deal for Woodside to buy BHP’s petroleum assets is expected this week, catapulting the Perth oil and gas company into a player on the global stage.
BHP’s global petroleum chief Geraldine Slattery has landed in Perth, raising speculation of a tie-up with Woodside Petroleum.
Share buybacks have been conducted by companies such as BHP, Woolworths, Telstra and the banks, particularly after they have had profitable years.
The history of resources is about endless boom-and-bust cycles – and if history doesn’t repeat it sure will rhyme.
The surging price of coal may be causing some companies to rethink assets related to the commodity that they have had up for sale.
Original URL: https://www.theaustralian.com.au/topics/bhp-group-limited/page/29