ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

BHP Bhp Group Limited

2,292.00
51.00 (2.28%)
Last Updated: 15:05:24
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Limited LSE:BHP London Ordinary Share AU000000BHP4 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  51.00 2.28% 2,292.00 2,292.00 2,293.00 2,304.00 2,271.00 2,278.00 623,053 15:05:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 54.19B 12.92B 2.5513 17.01 219.74B

BHP Group Makes Offer for Noront for Equity Value of C$325 Million

27/07/2021 1:23pm

Dow Jones News


Bhp (LSE:BHP)
Historical Stock Chart


From May 2021 to May 2024

Click Here for more Bhp Charts.

By Joe Hoppe

 

BHP Group PLC said Tuesday that it has made a recommended all-cash offer to acquire all of the outstanding and issued share capital of Noront Resources Ltd. for a total equity value of 325 million Canadian dollars ($259.1 million).

The Anglo-Australian multinational miner said it and its subsidiaries have entered into a definitive support agreement with Canadian-based mining company Noront, which has agreed to support the takeover bid. Noront is focused on developing its nickel, copper, platinum, palladium and chromite deposits in Ontario.

BHP offered to pay 55 Canadian cents a share for Noront, a 69% premium to the company's closing price on Monday. Noront board members who voted on the matter unanimously recommended shareholders accept the offer, BHP said.

BHP Lonsdale already owns 3.7% of Noront shares on a fully diluted basis.

"For BHP, the acquisition of Noront presents a world-class growth option, in a key future-facing commodity," BHP Chief Development Officer, Johan van Jaarsveld said.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

July 27, 2021 08:23 ET (12:23 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Bhp Chart

1 Year Bhp Chart

1 Month Bhp Chart

1 Month Bhp Chart

Your Recent History

Delayed Upgrade Clock