Lynas knocks back merger talk
Depressed market valuations are bringing these types of scrip based mergers back into focus, with talks also going on in the rare earths space.
It emerged over the weekend that Australia’s Lynas Rare Earths (ASX:LYC) had been in discussions with MP Materials, the major US producer of NdPr at its Mountain Pass project in California.
The deal would create a major rare earths producer of scale outside China, sculpting a Western player with the clout to match the firms in China’s dominant domestic industry
Feel rejected? DYOR please
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