.bhp and OZMinerals have extended takeover talks until after Christmas copper mining acquisition Australia criticalminerals batterymetals
PERTH – Major BHP and takeover target Oz Minerals have extended an exclusivity period between the two companies until December 27.
BHP in November entered into a confidentiality and exclusivity deed with Oz Minerals in relation to its revised non-binding indicative proposal to acquire 100% of the copper miner by way of a scheme of arrangement for a cash price of A$28.25 per Oz Minerals share.Oz Minerals granted BHP four weeks to undertake exclusive due diligence and negotiate a binding scheme implementation deed .
BHP said in a statement on Tuesday that the extension of the exclusivity period allowed the two companies to finalise the SID.The terms of any SID are subject to Oz Minerals and BHP board approval, and there is no guarantee that any transaction will eventuate or proceed at this stage.
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