Lithium Australia’s takeover bid for Lepidico fails

ASX-listed Lithium Australia’s takeover offer period for fellow listed Lepidico has expired, after it failed to generate traction with the takeover target’s shareholders. Lithium Australia in February launched a A$23.8-million off-market scrip bid for Lepidico, offering that company’s shareholders one of its own shares for every 13.25 Lepidico shares held.