She is understood to be in search for 10 per cent, adding to her existing holding believed to be about 3 to 4 per cent.
READ NEXT
The raid on Azure Minerals comes on the same day that the company announced to the market it had reached a deal for lithium mining heavyweight SQM to buy the business for $1.6bn or $3.52 per share.
The offer involved a special provision where it could move to a takeover proposal from a scheme of arrangement structure should an interloper move to interfere in a deal by acquiring a stake of around 19 per cent.
The takeover would be at $3.50 per share.
Based on the fact that Mrs Rinehart is buying shares at the offer price, sources suggests this means she is angling for a seat at the table, rather than making moves to embark on a rival proposal.
- Forums
- ASX - By Stock
- Ann: Binding Transaction Implementation Deed with SQM
She is understood to be in search for 10 per cent, adding to her...
-
-
- There are more pages in this discussion • 298 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AZS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online