OZL News: BHP Group Shot Down in $5.8 Bln bid for Copper Miner Oz Minerals - 8th Aug 2022, 5:37am

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By Ambar Warrick

Investing.com-- Australian copper miner OZ Minerals Ltd (ASX:OZL) rejected an 8.4 billion Australian dollar ($5.8 billion) takeover offer from BHP Group (ASX:BHP) on Monday, stating that it “significantly undervalues” the firm.

Earlier on Monday, BHP offered A$25 per share for Oz Minerals, offering a 32.1% premium to the stock’s close last week. The world’s largest miner is likely looking to expand its copper interests by acquiring Oz Minerals’ Carra...

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