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    BHP   AU000000BHP4

BHP GROUP

(BHP)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/23
38.38 AUD   -0.72%
11:42aBHP : Operational Review for the half year ended 31 December 2020
PU
06:42aBHP : 2021 Annual Reporting Suite
PU
09/22Noront Resources Says Wyloo Converts US$15-Million Loan into Shares, Boosts Stake to 37.3%
MT
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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

07/27/2021 | 08:24am EDT

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

07-27-21 0823ET

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -0.72% 38.38 End-of-day quote.-9.55%
NORONT RESOURCES LTD. 1.27% 0.8 Delayed Quote.327.03%
WTI -0.14% 73.174 Delayed Quote.46.78%
All news about BHP GROUP
11:42aBHP : Operational Review for the half year ended 31 December 2020
PU
06:42aBHP : 2021 Annual Reporting Suite
PU
09/22Noront Resources Says Wyloo Converts US$15-Million Loan into Shares, Boosts Stake to 37..
MT
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09/22BHP : Jefferies Cuts BHP Group's PT, Retains Rating
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09/22BHP GROUP : Gets a Buy rating from Jefferies
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More news
Analyst Recommendations on BHP GROUP
More recommendations
Financials (USD)
Sales 2022 63 177 M - -
Net income 2022 19 820 M - -
Net Debt 2022 7 305 M - -
P/E ratio 2022 6,85x
Yield 2022 11,2%
Capitalization 138 B 137 B -
EV / Sales 2022 2,29x
EV / Sales 2023 2,63x
Nbr of Employees 40 110
Free-Float 58,2%
Chart BHP GROUP
Duration : Period :
BHP Group Technical Analysis Chart | MarketScreener
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Technical analysis trends BHP GROUP
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 28,01 $
Average target price 33,71 $
Spread / Average Target 20,4%
EPS Revisions
Managers and Directors
Mike Henry CEO, CFO & Non-Independent Executive Director
John Kenneth Norman MacKenzie Chairman
Rag Udd CTO & VP-Technology Global Transformation
Malcolm William Broomhead Independent Non-Executive Director
Anita Margaret Frew Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
BHP GROUP-9.55%137 392
RIO TINTO PLC-11.50%108 936
ANGLO AMERICAN PLC5.67%43 872
GRUPO MÉXICO, S.A.B. DE C.V.-1.31%32 265
SAUDI ARABIAN MINING COMPANY (MA'ADEN)92.59%25 591
TECK RESOURCES LIMITED28.70%13 203