The two announced a scheme implementation deed today outlining how BHP will acquire 100% of OZL for a cash price of A$28.25 per OZL share for an enterprise value of A$9.6 billion .
“The combination of BHP and OZL’s assets, skills and technical expertise provides a unique opportunity not available under separate ownership, with complementary resources including the Oak Dam exploration prospect and existing facilities within close proximity, backed by BHP’s strong balance sheet, capital discipline and commitment to sustainable development," said BHP CEO Mike Henry.
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