End of an era for Oz Minerals
PERTH (miningweekly.com) – The scheme of arrangement between diversified miner BHP and copper miner Oz Minerals, has become effective with Oz Minerals lodging a copy of the Federal Court orders with the Australian Securities and Investment Commission.
The Federal Court on Monday approved the A$9.6-billion takeover offer under which Oz Minerals shareholders would receive A$26.50 a share in cash for each Oz Minerals share held, as well as a fully franked special dividend of A$1.75 a share for each Oz Minerals share held.
The takeover target’s shares will be suspended from trading on the ASX at the close of business on Tuesday.
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