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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.

BHP increases its offer for OZ Minerals BHP increases its offer for OZ Minerals BHP increases its offer for OZ Minerals BHP increases its offer for OZ Minerals BHP increases its offer for OZ Minerals

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.

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