Lynas Rare Earths To Acquire Meteoric Resources In Deal Valued At A$968 million

By Reuters News

Oct 1 (Reuters) - Lynas Rare Earths Limited LYC.AX:

  • LYNAS RARE EARTHS TO ACQUIRE METEORIC RESOURCES,MEI

  • EXCHANGE RATIO 0.0207 LYNAS SHARES PER METEORIC SHARE, DEAL VALUED AT A$968 MILLION

  • OFFER PRICE A$0.286 PER METEORIC SHARE, 68.4% PREMIUM TO LAST CLOSE

  • METEORIC BOARD UNANIMOUSLY RECOMMENDS SCHEME, SUBJECT TO NO SUPERIOR PROPOSAL

  • INTENDS TO WORK WITH METEORIC’S EXISTING TEAM TO ADVANCE DEVELOPMENT OF CALDEIRA

Further company coverage: LYC.AX

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