Lynas Faces Shareholder Bid for Asset

Sydney Morning Herald reported that Lynas Corp.’s (ASX:LYC) sale of a rare earth asset has received a bid from dissident shareholders.

The market news is quoted as saying:

Melbourne-based software millionaire Mark Suhr and the chairman of online recruitment website Seek, Bob Watson, are finalising a formal bid for the Crown and Swan deposit this week, capitalising on the dramatic collapse of the rare earth miner’s proposed deal with related party Forge Resources.

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