Lithium Related Media Articles, page-18279

It’s been less than half a year since Liontown Resources [ASX:LTR] has been up for grabs.
The initial bid from US chemicals company Albemarle was lobbed back in late March. A telling moment for the lithium market as Albemarle is one of Tesla’s biggest suppliers.
But, that first offer was rejected.
Liontown had the gumption to know that their lithium assets were worth more. And they’ve got more…
Albemarle recently upped its bid, which it says is best and final, to $3 per share. An offer that Liontown’s board would probably be foolish to refuse.
At least, it would’ve been foolish up until trading opened yesterday morning.
Seemingly out of the blue, 93 million Liontown shares were exchanged yesterday. A sum that is 10 times the normal trading volume of the stock for the past 90 days. As a result, the share price is now (prior to market open) trading just above Albemarle’s US$3 offer.
So, what happened?
If the rumours are true, it seems Australia’s richest person — Gina Rinehart — could be making a late counterbid. Because if she is the unknown buyer, then Rinehart may be about to put up a fight for Liontown’s assets…