Peak Rare Earths jumps +26% as Shenghe Res imply valuation just shy of $200M
Peak Rare Earths (ASX:PEK) shareholders on the HotCopper forums were almost universally pleased on Friday after the company confirmed it had worked out a better takeover deal than originally received from Singapore-based Shenghe Resources, with the latter now acquiring 100% of Peak at a 32% premi...
Market Cap $643.2M
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