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26
Mar
2019
Wesfarmers makes A$1.5bn bid for LynasBy:Creamer Media Senior Deputy Editor: Australasia CORPORATE ACTIVITY Rare earths miner Lynas went into a trading halt on Tuesday after fellow-listed Wesfarmers launched a A$2.25c a share cash offer for the company.
The A$1.5-billion cash bid offered a premium of 44.7% to Lynas’ last closing price, and a 36.4% premium to its 60-day volume weighted average share price.
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