https://www.engineeringnews.co.za

Oz Minerals readies for shareholder meeting in April

3rd March 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The Federal Court of Australia has cleared the acquisition of copper miner Oz Minerals by mining major BHP.

Oz Minerals on Friday registered the scheme booklet with the Australian Securities and Investment Commission, including the independent expert report which concluded that the fair was reasonable and in the best interest of Oz minerals shareholders.

The two miners earlier this year entered into a scheme implementation agreement under which BHP would acquire all of the shares in Oz at a price of A$28.25 each, valuing Oz Minerals at A$9.6-billion.

The offer price represents a 49.3% premium to Oz Minerals' closing price on August 5, when the initial proposal was made, and a 59.8% premium to the 30-day volume weighted average share price up to August 5.

Oz Minerals shareholders will meet on April 13 to vote on the transaction.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 0.811s - 140pq - 2rq
Subscribe Now