Well we will know what the outcome is with Albemarle - LTR this week or next.
Beyond that we can have a clearer idea who AZS's suitors will then be.“Hancock is now Liontown’s largest shareholder. Hancock welcomes the opportunity to participate in the Kathleen Valley project as a shareholder, and have an influence on the company’s overall future direction – including where decisions are to be made by shareholders,” Hancock said in a statement.
Shareholders will likely get a chance to vote on Albemarle’s offer, with a scheme of arrangement expected to require support from 75 per cent of votes cast.
Some shareholders choose not to vote in such situations, meaning that a stake of 16.7 per cent would be very close to a blocking stake in its own right, and could block the deal with minimal support from other shareholders.
