Lynas Corporation announced that it has received an unsolicited proposal from Wesfarmers for an acquisition of 100% of the ordinary shares of the Company at A$2.25 cash per share (the Indicative Proposal). As reported, the Indicative Proposal is unsolicited. In addition, the Indicative Proposal is highly conditional, indicative and non-binding. The Company further updated that shareholders do not need to take any action in relation to the Indicative Proposal. The Company stated that it is assessing the Indicative Proposal and will release further information as soon as possible.
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- Ann: WES: Proposal to acquire Lynas Corporation
Ann: WES: Proposal to acquire Lynas Corporation, page-76
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