Lithium Australia ends Lepidico takeover bid

LITHIUM Australia has allowed its A$23.8 million takeover offer for fellow lithium project developer Lepidico to close, making it the company’s second largest shareholder with a 15.8% stake.

Lithium Australia ends Lepidico takeover bid Lithium Australia ends Lepidico takeover bid Lithium Australia ends Lepidico takeover bid Lithium Australia ends Lepidico takeover bid Lithium Australia ends Lepidico takeover bid

The off-market takeover offer, first made in February and extended four times, offered one Lithium Australia share for every 13.25 Lepidico shares – an offer Lepidico long said was undervalued.