BHP Group (NYSE:BHP) Mulls Increasing Bid to Acquire OZ Minerals
If industry sources are to be believed, mining giant BHP Group Ltd. (NYSE:BHP) (GB:OHN3) is considering raising its initial bid to acquire Melbourne-based OZ Minerals Ltd. This acquisition, if and when completed, could help increase BHP Group’s metal contributions, especially copper and nickel, to the green-energy revolution in the United States and globally. It is worth noting that BHP Group had expressed its desire to purchase OZ Minerals for A$8.4 billion (or A$25 per share) in August 2022. The U.S. dollar equivalent of the deal value is $5.6 billion. Back then, OZ Minerals had rejected BHP Group’s offer, finding the value too low for its assets.
BHP Group (NYSE:BHP) Mulls Increasing Bid to Acquire OZ Minerals
If industry sources are to be believed, mining giant BHP Group Ltd. (NYSE:BHP) (GB:OHN3) is considering raising its initial bid to acquire Melbourne-based OZ Minerals Ltd. This acquisition, if and when completed, could help increase BHP Group’s metal contributions, especially copper and nickel, to the green-energy revolution in the United States and globally. It is worth noting that BHP Group had expressed its desire to purchase OZ Minerals for A$8.4 billion (or A$25 per share) in August 2022. The U.S. dollar equivalent of the deal value is $5.6 billion. Back then, OZ Minerals had rejected BHP Group’s offer, finding the value too low for its assets.