Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
I currently hold a sizeable position in BHP and a reasonably sized position in OZL. If BHP succeeds in its takeover of OZL would you be better to sell OZL before the merger or wait and reduce BHP post merger. Would be interested to hear your views....Thankyou
Hi Rosemary,
The deal is a takeover, with BHP paying cash for OZL shares. As an OZL shareholder, we will be paid cash for our shares, we will not receive additional BHP stock. OZL closed on Friday at $27.34, a ~3.2% discount to the $28.25 bid price, so for now, we believe holding makes sense.
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