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MELBOURNE (Reuters) -Shares in BHP Group and Woodside Petroleum fell on Wednesday as investors on both sides raised questions about the value of the Perth-based oil and gas group's proposed $29 ...
BHP later replaced Burmah, and with Shell, each became a 40% shareholder in Woodside in 1985. [7] BHP reduced its shareholding to 10% in July 1990. [8] In October 1994, BHP sold its remaining shares while Shell sold down to 34%. [9] In 1995, Woodside moved its head office from Melbourne to Perth. [10]
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BHP Billiton (West Australian Iron Ore Assets) Rio Tinto (West Australian Iron Ore Assets) 116.0 164.7 Mining giants Rio Tinto and BHP Billiton abandoned a controversial merger of their Australian iron ore operations after anti-competition complaints from regulators and top customers including China. [441] 12 1999 MCI WorldCom: Sprint: 111.0 203
In 1998, BHP hired American Paul Anderson to restructure the company. Anderson successfully completed the four-year project with a merger between BHP and London-based Billiton. [105] In July 2002, Brian Gilbertson of Billiton was appointed CEO, but resigned after just six months, citing irreconcilable differences with the board. [106]
Year Merger closed Acquirer Acquired firm Name of merged entity 1931 Harriman Brothers & Company: Brown Bros. & Co. Brown Brothers Harriman & Co. 1938 Charles D. Barney & Co. Edward B. Smith & Co. Smith Barney & Co. 1940 Merrill Lynch: E. A. Pierce & Co. Merrill Lynch: 1940 Merrill Lynch: Cassatt & Co. Merrill Lynch: 1942 Paine, Webber & Co ...
In corporate finance a stock swap is the exchange of one equity-based asset for another, where, during the merger or acquisition, the swap provides an opportunity to pay with stock rather than with cash; see Mergers and acquisitions § Stock.
Mergers: Mergers and acquisitions (M&A) refer to the consolidation of companies or assets through various financial transactions, such as mergers, acquisitions, and consolidations. [9] M&A activities can be an effective way for companies to expand their operations, diversify their product or service offerings, and increase their market share. [10]