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Benzinga
Benzinga
Business
Vandana Singh

KPMG Says Woodside Investors To Benefit From $40B Merger With BHP Petroleum Arm: Reuters

BHP Woodside KPMG BHP Group LTD NYSE OTC Credit Suisse

According to an independent expert, Woodside Petroleum Ltd's (OTC:WOPEY) merger agreement with BHP Group Ltd's (NYSE:BHP) petroleum arm is in the best interest of its shareholders, valuing the combined group at around $40 billion.

Accounting firm KPMG assessed the value of the combined group at between $37.2 billion and $42.3 billion, equivalent to A$26.25 - A$29.81 in per-share valuation.

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