OZL oz minerals limited
Add to My Watchlist 0.00% ! $26.44

News: OZL Oz Minerals Rejects Indicative Proposal From BHP

  1. Hot News
    193,698 Posts.
    lightbulb Created with Sketch. 2825
    clock Created with Sketch.
    08/08/22
    08:20
    Post #: 62975380

    Aug 8 (Reuters) - BHP Group Ltd (BHP) :

    • REJECTS INDICATIVE PROPOSAL FROM BHP
    • RECEIVED INDICATIVE PROPOSAL FROM BHP TO ACQUIRE ALL SHARES IN OZ MINERALS FOR A$25.00 PER SHARE IN CASH VIA SCHEME OF ARRANGEMENT
    • BOARD CONSIDERED THAT INDICATIVE PROPOSAL DOES NOT ADEQUATELY COMPENSATE SHAREHOLDERS
    • ALSO ADVISED BY BHP IT HAS ACCUMULATED AN INTEREST IN OZ MINERALS SHARES VIA DERIVATIVE INSTRUMENTS TO AN INTEREST OF LESS THAN 5%
    • BOARD ALSO CONSIDERED THAT INDICATIVE PROPOSAL IS HIGHLY OPPORTUNISTIC
    • BOARD CONSIDERED THAT PROPOSAL COME AT TIME WHEN LME COPPER PRICE AND OZ MINERALS SHARE PRICE HAVE FALLEN FROM THEIR RECENT PEAKS
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Arrowsmith North Silica Sand Project granted works approval
right-arrow Created with Sketch.
NEWS Final toll milling completed at Jeffreys Find Gold Mine
right-arrow Created with Sketch.
NEWS HotCopper Highlights: 4DS Memory's strategic review flags strategic review & more
right-arrow Created with Sketch.
MEM Memphasys secures transformational A$325K initial order with exclusive Middle East partnership
right-arrow Created with Sketch.
NEWS Rubix advances proposed acquisition of prospective Bauxite Projects in Africa
right-arrow Created with Sketch.
NEWS Marquee confirms high-grade antimony ahead of maiden JORC resource
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.