16
Aug
10:39
Azure Minerals declines takeover proposal from SQM
Australian junior miner Azure Minerals has rejected a non-binding takeover offer from Chilean lithium producer SQM, its largest shareholder, Kallanish reports.
The companies confirmed in separate statements SQM has submitted an indicative proposal to Azure on 12 July at a cash offer price of AUD 2.31 ($1.49) per share. At the time, this price represented a 39% premium to Azure’s last close of AUD 1.67/share and 49% premium to the 10-day volume-weighted avera…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous