23
Nov
02:00
OZ Minerals board recommends BHP's revised takeover
Australian mining firm OZ Minerals’ board has confirmed it intends to recommend global miner BHP’s revised takeover offer to its shareholders, Kallanish notes.
BHP has submitted a revised non-binding indicative proposal to the board of OZ Minerals to acquire 100% of the company by way of a scheme of arrangement for a cash price of AUD 28.25 ($6.18) per OZ Minerals share. This translates into an enterprise value of AUD 9.6 billion for OZ Minerals.
The …
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Very good overview of the weekly steel market.
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