"THE contentious attempted sale by Lynas Corporation of a rich rare earth and metals deposit to a related party has taken a new turn, with two prominent dissident shareholders preparing an audacious bid to pinch the prized asset from under the nose of the miner's chief executive, Nic Curtis."
I am aware of the Lynas release that denies any take-over is under way but one line in this article bothers me... Please, any comments?....
"With no related-party concerns, the Suhr-Watson bid will not be required to be approved by shareholders."
http://www.smh.com.au/business/lynas-faces-shareholder-bid-for-asset-20110515-1eo9b.html
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shareholder approval?...
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Mkt cap ! $5.664B |
Open | High | Low | Value | Volume |
$5.80 | $6.06 | $5.76 | $50.03M | 8.403M |
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No. | Vol. | Price($) |
---|---|---|
2 | 3840 | $6.03 |
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Price($) | Vol. | No. |
---|---|---|
$6.07 | 39097 | 4 |
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2 | 3840 | 6.030 |
3 | 47028 | 6.010 |
2 | 34269 | 6.000 |
2 | 25842 | 5.990 |
1 | 200 | 5.950 |
Price($) | Vol. | No. |
---|---|---|
6.070 | 39097 | 4 |
6.080 | 29682 | 3 |
6.090 | 29984 | 3 |
6.100 | 28477 | 10 |
6.110 | 3000 | 1 |
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