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15/03/17
22:18
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http://www.copyright link/street-ta...idico-defence-starts-boutique-20170315-guynua
The hostile takeover tussle for lithium technology company Lepidico, by Western Australia rival Lithium Australia, just got more interesting.
Street Talk understands Lepidico, developer of the innovative LMax technology, has stepped up its defence of the all-scrip offer by luring heavyweight banker Peter Bacchus into its camp.
Bacchus was Jefferies Group's global head of metals and mining and co-head of European investment banking until last year and also had stints at Morgan Stanley and Citigroup. He is best known for defending mining giants including Rio Tinto and WMC.
So what brings Bacchus to Lepidico? He is said to be a strong believer in the LMax technology, which could revolutionise lithium supply to global battery manufacturers, crucial to the electric car industry and energy storage.
Bacchus is also on the board of Australia's largest lithium miner, Galaxy Resources, and will know a thing or two about industry players and the market dynamics for the one of the world's lightest metals.
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Any comments on this? Sounds like very good news!