This is a summary of what is just out in the Australian newspaper. Apparently Wesfarmers made their offer after a proposed JV was turned down. There have been discussions for several months first before the $1.5 billion takeover bid. Wesfarmers wanted Lynas to close down its rare earths processing plant in Malaysia and open another plant in Australia that would be jointly owned with the Perth-based conglomerate. Sorry if this is already out there and I missed it.
Ann: WES: Proposal to acquire Lynas Corporation, page-50
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Mkt cap ! $6.552B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $7.01 | $6.79 | $21.53M | 3.044M |
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| No. | Vol. | Price($) |
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| 20 | 12332 | $6.79 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 11693 | 28 |
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