OZ Minerals extends exclusivity period for BHP’s $6.4bn bid

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OZ Minerals extends exclusivity period for BHP’s $6.4bn bid
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OZ Minerals extends exclusivity period for BHP’s $6.4bn bid. mining miningnews

Australia’s OZ Minerals on Tuesday extended exclusivity period for BHP Group Ltd’s A$9.6 billion bid for the copper and gold producer by a week.of A$28.25 per share on Nov. 18, in a bid to take advantage of rising global demand for metals used in clean energy and electric cars.The bid was recommended by the OZ Minerals board in the absence of a higher offer.

The extension of exclusivity period to Dec. 27 comes after the four weeks exclusivity BHP was granted starting from Nov. 21 and follows its confirmation on the completion of due diligence on OZ Minerals, the companies said.

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