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M&A
BHP increases its offer for OZ Minerals
BHP has taken another step towards ending its deal-drought with an increased takeover offer for Australian copper producer OZ Minerals, but it could have left room for a rival to crash the party.
Pitched at A$28.25 the new bid is a 13% improvement on the rejected A$25 a share bid made in early August. The higher price values OZ at A$9.6 billion (US$6.4 billion), an increase of A$1.2 billion...
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