Australian court approves BHP, OZ $6.4B deal - Breaking The News

Australian court approves BHP, OZ $6.4B deal

17 April

1 min read

EPA-EFE/DAVID MARIUZ AUSTRALIA AND NEW ZEALAND OUT

BHP Group Ltd. announced on Monday in a statement that the Federal Court of Australia greenlighted the company's takeover of OZ Minerals Limited, valued at 9.6 billion Australian dollars (approximately $6.4 billion).

"It is expected that the Scheme will become effective on 18 April 2023 on lodgement of the Court’s orders with the Australian Securities and Investment Commission and OZL shares will be suspended from trading on the ASX from the close of trading on that day," the statement read.

BHP plans to fund the endeavor by combining its "existing cash reserves and the proceeds of a debt facility."

mergers and acquisitions bhp

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