Lynas Rare Earths to Acquire Meteoric Resources
Lynas Rare Earths announced its intention to acquire Meteoric Resources.
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10:47:17 PM UTC
SquawkNews
Lynas: Consideration Represents 68% Premium to Meteoric's Last Close
10:52:39 PM UTC
SquawkNews
Australia's Lynas Rare Earths ASX:LYC said on Thursday it would acquire Meteoric Resources ASX:MEI in an all-share deal valuing the rare earths developer at A$968 million ($672.08 million).Under the scheme of arrangement, Lynas will acquire all Meteoric shares at a fixed exchange ratio of 0.0207 ne…