Kidman shareholders back Wesfarmers bid

SHAREHOLDERS in lithium hopeful Kidman Resources have overwhelmingly voted in favour of Wesfarmers’ offer of A$1.90 per share cash as the conglomerate looks to make a push into the energy minerals space.

Kidman shareholders back Wesfarmers bid Kidman shareholders back Wesfarmers bid Kidman shareholders back Wesfarmers bid Kidman shareholders back Wesfarmers bid Kidman shareholders back Wesfarmers bid

Kidman's world-class lithium project will become part of Wesfarmers.

The $767 million offer lobbed in May, before significant oversupply lead to a savaging of the lithium price, the shuttering or stalling of several upstream and downstream investments in Western