Gina Rinehart boosts Liontown Resources stake to above 10%
Gina Rinehart has raised her stake in Liontown Resources (ASX:LTR) to over 10%, a move that prevents Albemarle from proceeding with its $6.6 billion takeover offer through compulsory acquisition. Compulsory acquisition occurs when a bidder attains 90% of the target company’s issued shares and can acquire the remaining shares forcibly. Hancock Prospecting, owned by Rinehart, […]
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