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OZ Minerals rejects indicative proposal from BHP

Posted on August 7, 2022August 7, 2022


SYDNEY, AUSTRALIA: OZ Minerals Limited (ASX: OZL) received an unsolicited, conditional and non-binding indicative proposal from BHP Group Limited (ASX: BHP) to acquire all shares in OZ Minerals
for A$25.00 per share in cash via scheme of arrangement.

OZ Minerals Board has carefully assessed the Indicative Proposal including with the assistance of its financial and legal advisers.

The Board has unanimously determined that the Indicative Proposal significantly undervalues OZ Minerals and, as such, is not in the best interests of shareholders.

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