BHP's $9.6 billion bid for OZ Minerals will progress to shareholders after two companies signed a scheme implementation deed.
The merger agreement follows BHP completing four weeks of due diligence and OZ Minerals' board rejecting a lower offer. It agreed to BHP's "best and final" offer of $28.25 per share, a 49.3 per cent premium to Oz Minerals' closing price back on August 5, before that initial approach.
