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Business deals

BHP Group to buy copper producer OZ Minerals for $6.4bn

OZ shareholders to vote on whether to accept takeover bid in March or April

Refined copper bundles at the Olympic Dam copper and uranium mine in South Australia: The mine's owner, BHP Group, has signed a scheme deed to buy out OZ Minerals.   © Reuters

(Reuters) -- Australia's OZ Minerals said on Thursday it has entered into a scheme implementation deed with BHP Group in relation to the A$9.6 billion ($6.44 billion) takeover bid the latter made for the copper and gold producer.

The board of OZ Minerals, which has unanimously recommended the deal, said its shareholders will vote on it at a scheme meeting scheduled between late March and early April next year.

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