Lynas Faces Shareholder Bid for Asset

- May 17th, 2011

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

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.

To read the full market news, click here.

Tags

Leave a Reply