BHP in surprise tilt for OZ

BHP has made an A$8.4 billion cash takeover offer for Australian copper-gold producer OZ Minerals.

BHP in surprise tilt for OZ BHP in surprise tilt for OZ BHP in surprise tilt for OZ BHP in surprise tilt for OZ BHP in surprise tilt for OZ

OZ Minerals' Adelaide headquarters

BHP submitted the proposal for a $25 per share cash buy-out on Friday.

The proposed price represented a 32.1% premium to OZ's Friday closing price of $18.92 and a 41.