OZL News: Oz Minerals rebuffs BHP’s $5.8bn offer - 8th Aug 2022, 5:17pm

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BHP has seized on the slump in commodity prices to launch a $5.8bn (A$8.4bn) cash offer for Australian rival Oz Minerals, as the world’s biggest miner seeks to boost its exposure to clean energy metals such as copper and nickel. The decision by Oz to reject the offer highlights the difficulties larger companies such as BHP may face if they try to take advantage of the decline in commodity prices to buy smaller rivals. Analysts at Morgan Stanley said that while BHP’s offer made sense, i...

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