BHP denies Woodside talks

first_img whatsapp SHARES in BHP Billiton rose to match their May 2008 record price on the Australian Securities Exchange yesterday, after the mining group completed a A$6bn (£3.7bn) share buyback and denied it was in formal talks to buy liquefied natural gas specialist Woodside Petroleum. BHP, lead by chief executive Marius Kloppers (right), jumped nearly four per cent to a closing price of A$49.55 per share yesterday, as parties affected by a potential deal weighed in with their opinions of the tie-up. The firm’s London-listed shares rose 1.8 per cent to 2,631p. BHP issued a statement denying that it had held formal talks with Woodside management, but speculation stayed high in the market due to the wording of the statement, which said that shareholders were “currently fully informed of all material information” and it was “not aware of any basis for the market speculation”. Western Australia’s premier Colin Barnett added to rumours by saying he knew “directly” that the two companies were in discussions, and warned BHP away from the deal, saying: “Develop a new field, find gas, find oil, find new customers, but I urge you — hands off Woodside.” Shares in the potential target also jumped to a 15-month high, closing almost two per cent up at A$48.16. Woodside chief executive Don Voelte said he had “no knowledge of anything that is out there”.Rumours that BHP was working on a bid began in November last year, when Shell sold a third of its stake in Woodside and said that it would be willing to sell its remaining shareholding.Shell still owns 24.27 per cent of the petroleum exploration and production company. BHP denies Woodside talks More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Share Tags: NULLcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe Show Comments ▼ whatsapp Monday 11 April 2011 7:52 pm KCS-content last_img