BHP makes US$6.4bil binding offer for OZ Minerals

The A$28.25-a-share bid, first announced in November, will now go to shareholders for approval in late March or early April, BHP said. — Reuters

MELBOURNE: BHP Group Ltd has made a binding offer to acquire Australian copper producer OZ Minerals Ltd for A$9.6bil (US$6.4bil or RM28.4bil), securing its biggest deal in more than a decade and boosting exposure to key materials used in clean energy and electric cars.

The A$28.25 (RM84.08)-a-share bid, first announced in November, will now go to shareholders for approval in late March or early April, BHP said in a regulatory filing yesterday.