"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
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shareholder approval?...
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