OZL News: World's Top Miner Raises Offer For OZ Minerals, Close To Biggest Acquisition Since 2011 - 18th Nov 2022, 11:06pm

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BHP Group Ltd (NYSE: BHP) has raised its offer for OZ Minerals Limited (OTC: OZMLF) to value the Australian miner at A$9.6 billion ($6.34 billion). Earlier, BHP offered to pay A$25/share. OZ Minerals said it intends to recommend that shareholders vote to favor BHP's revised offer. A completed deal would represent BHP's largest acquisition since 2011 when it bought Petrohawk Energy Corp for more than $12 billion, Wall Street Journal writes. In August, BHP Group was rebuffed in its A$8.34 billi...

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