Copper and nickel miner Oz Minerals rebuffs an $8.3 billion takeover bid from BHP, while the Australian share market opens in the red.
Miner Oz Minerals has rejected a takeover bid from mining giant BHP, and the Australian share market has fallen in the first hour of trade.The All Ordinaries Index was down 0.2pc to 7,234, while the ASX 200 index was also down 0.2pc to 6,999 at 10:20am AEST
Most sectors were in the red on the ASX 200, with education stocks, real estate, consumer firms, technology and financials weighing on the market.Oz Minerals was the best performer in the ASX 200, followed by copper miner Sandfire Resources .Aurizon said underlying profit for 2022 fell 2 per cent to $525 million for 2022.Oz Minerals rejects BHP takeover
Oz Minerals said the $25-a-share unsolicited and conditional takeover bid was "highly opportunistic" and significantly undervalued the company.
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