Lynas Shareholders Threaten Lawsuit

The Sydney Morning Herald reported that shareholders in Lynas Corp. (ASX:LYC) are threatening legal action to fight a proposed rare earths sale to Forge Metals (ASX:FRG).

The market news is quoted as saying:

The executive chairman of Lynas, Nicholas Curtis, is a 15 per cent shareholder of Forge and stands to vest 24 million performance shares if the deal proceeds, boosting his stake in Forge to close to 40 per cent.

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