"BHP’s four weeks exclusive access to OZ Minerals’ books is due to expire at the start of next week, however it’s able to get an automatic one-week extension (to Boxing Day) should it re-confirm its $28.25 a share offer and promise it’s still working to get the deal done."
With that timeline set to come to an end next Monday (19 December 2022), people in the industry are reporting questioning whether all of the necessary boxes will be ticked in time.
The issue, however, may be one of timing and having everything finalised and documented ahead of the Christmas break, “in a week when corporate Australia’s likely to grind to a halt and given recent hiccups around material adverse changes, reverse break-fees and the like”.
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
OZL Price at posting:
$27.25 Sentiment: Hold Disclosure: Held
