Cleveland Cascades LtdBühler GmbHVan AalstTBA GroupThe Wolfson Centre for Bulk Solids Handling Technology Port of South Louisiana
  • TBA Group
  • Vigan
  • Telestack
  • Van Aalst
  • Cimbria
  • Port of South Louisiana

BHP and OZ Minerals extend exclusivity period

BHP and OZ Minerals extend exclusivity period

(Posted on 20/12/22)

BHP has provided an update to its announcement on 18 November 2022 that confirmed BHP had entered into a Confidentiality and Exclusivity Deed with OZ Minerals Limited (OZL) in relation to BHP’s revised non-binding indicative proposal to acquire 100% of OZL by way of a scheme of arrangement for a cash price of A$28.25 per OZL share (the Proposal). Under the Confidentiality and Exclusivity Deed, OZL granted BHP four weeks to undertake exclusive due diligence and negotiate a binding scheme implementation deed (SID).

In accordance with the terms of the Confidentiality and Exclusivity Deed, the exclusivity period has been extended for a further week until Tuesday 27 December 2022. This follows confirmation by BHP to OZL of completion of due diligence and the proposed cash price of A$28.25 per OZL share. The extension allows for finalisation and agreement of the binding SID.

The terms of any SID are subject to OZ Minerals Board approval and BHP Board approval. There is no guarantee that any transaction will eventuate or proceed at this stage.

Latest News

Cargill completes acquisition of Owensboro Grain Company

(Posted on 27/01/23)

Cargill has announced that it has completed the acquisition of Owensboro Grain Company, a fifth-generation... Read more


BHP selects seven companies to accelerate copper and nickel exploration

(Posted on 23/01/23)

BHP Xplor, an accelerator programme introduced by BHP in August 2022, has announced its first cohort... Read more


Trafigura makes carbon removal commitment as part of First Movers Coalition

(Posted on 16/01/23)

Trafigura Group Ptd Ltd., a market leader in the global commodities industry, has made a public carbon... Read more


Hefner assumes USGC global trade position in Washington

(Posted on 10/01/23)

Jace Hefner has joined the U.S. Grains Council (USGC) in its Washington, D.C., headquarters as the new... Read more


Cargill announces CFO transition

(Posted on 10/01/23)

Cargill has announced that Jamie Miller will step down as Chief Financial Officer to accept an opportunity... Read more


Adbri extends supply contract with ICL

(Posted on 10/01/23)

Adbri Limited has announced that it has extended its cementitious materials supply arrangement with... Read more


Dana Steel to replace imported raw materials with ‘Made in UAE’ supply

(Posted on 04/01/23)

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial... Read more


GrainCorp to boost digital connectivity in the bush

(Posted on 23/12/22)

Australian agribusiness GrainCorp is co-leading a $12 million investment round into rural connectivity... Read more


Kaisa Hietala to join Rio Tinto Board

(Posted on 20/12/22)

Rio Tinto has appointed Kaisa Hietala as a non-executive director. Ms Hietala, a Finnish citizen, will... Read more


Bulk minerals volumes up 10% as Trafigura posts strong results

(Posted on 13/12/22)

Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released its results... Read more


Sailors SocietyPort of StocktonCimbriaTOC EventsViganTelestack
  • Port of Stockton
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Bühler GmbH

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping