OZ Minerals shares spike

Group downplays speculation Glencore Xstrata is considering a takeover offer.

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%.

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