OZ Minerals (OZL) shares have jumped in morning trade, following speculation over the weekend that global mining giant Glencore Xstrata is considering a takeover bid.
At 1115 AEST, OZ Minerals shares were 4.54% higher at $4.61, against a benchmark index decline of 1.01%.
In a statement to the Australian Securities Exchange, OZ Minerals said it had not received a substantial shareholder notice from Glencore nor had it been been approached by Glencore in regard to any proposal.
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}
We have sent you a code via SMS to {{user.DayPhone}}
please enter this code below to complete your SMS verification
We cannot send you a code via SMS to {{user.DayPhone}}
Looks you are already a member. Please enter your password to proceed
Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.
| Price | $0 |
| Discount | -{{productDiscount}} |
| GST | {{productGST}} |
| TOTAL (inc. GST) | {{productPrice}} |
The email address you entered is registered with InvestSMART.
Login or to reset your password, select Forgotten password