BHP – Merger Agreement Signed For Petroleum Business
BHP Group PLC (LON:BHP) has signed an agreement on the merger of its petroleum business with Woodside Petroleum Limited (ASX:WPL), expected to complete in the second quarter of 2022. The merger is expected to unlock more than $400m in synergies from cost savings and operating efficiencies. Q3 2021 hedge fund letters, conferences and more BHP CEO Mike Henry said, “Merging our petroleum business with Woodside creates a large, more resilient company, better able to navigate the energy transition and grow value while doing so.” The deal is still subject to certain regulatory and shareholder approv...