M&A

BHP in surprise tilt for OZ

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

 OZ Minerals' Adelaide headquarters

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 41.4% premium to the 30-day volume-weighted...

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