Street Talk

OZ Minerals wastes no time on BHP’s first salvo

Anthony Macdonald, Sarah Thompson and Kanika Sood

Aug 8, 2022 – 11.31am

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It didn’t take long for OZ Minerals’ board to knock back (and out) BHP’s $25 a share indicative bid, and the two camps’ responses show the chasm between bidders and targets on bid premiums in rapidly changing world.

OZ Minerals likes to work on the weekends. AFR

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.