BHP merger22 Nov 2021 09:12
"Australia's BHP Group and Woodside Petroleum have signed their AUD$40bn petroleum merger deal, which will see Woodside acquire BHP's petroleum assets in return for a 48% in the combined company. Woodside will pay close to $20bn for the assets, and issue scrip to BHP which will be passed on to its own shareholders. The merger ratio is 52% of the combined group for Woodside and 48% for BHP's shareholders."
So BHP have $20bn burning a hole in their pocket ?