off-the-wire

UPDATE 1-Australian court approves BHP's $6.4 bln OZ Minerals takeover

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds details, background) April 17 (Reuters) - Global miner BHP Group Ltd said on Monday the Federal Court of Australia had approved its A$9.6 billion ($6.44 billion) takeover of OZ Minerals Ltd .


The court approval follows overwhelming support from OZ Minerals shareholders for the deal, which is the third largest in global mining in recent months.


Shares of the Australian copper producer will be suspended from trading on the local bourse at the close of trading on Tuesday.
($1 = 1.4914 Australian dollars) (Reporting by Echha Jain in Bengaluru; Editing by Rashmi Aich)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.