"THE contentious attempted sale by Lynas Corporation of a rich rare earth and metals deposit to a related party has taken a new turn, with two prominent dissident shareholders preparing an audacious bid to pinch the prized asset from under the nose of the miner's chief executive, Nic Curtis."
I am aware of the Lynas release that denies any take-over is under way but one line in this article bothers me... Please, any comments?....
"With no related-party concerns, the Suhr-Watson bid will not be required to be approved by shareholders."
http://www.smh.com.au/business/lynas-faces-shareholder-bid-for-asset-20110515-1eo9b.html
shareholder approval?...
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Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $6.346B | |||
| Open | High | Low | Value | Volume |
| $6.84 | $6.88 | $6.78 | $12.19M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5667 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 6940 | 5 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |