Speculation mounts that a rival offer to SQM’s $1.63b bid for Azure Minerals is on the wayAdrian RausoThe West AustralianWed, 1 November 2023 5:26PMThe Pilbara lithium deals frenzy fuelled by Chris Ellison and Gina Rinehart may be coming to a head, with rumours swirling that the two billionaires are plotting an attempt to gazump a $1.63 billion bid for Azure Minerals.Shares in Azure Minerals leapt 4.6 per cent above Chilean giant SQM’s $3.50 per share off-market takeover bid, finishing trade on Wednesday at $3.65. Speculation is mounting that a rival bid is looming for Azure, with a combined bid from Mrs Rinehart and Mr Ellison suggested by market sources as the most logical scenario.
