Asic seeks orders against Lithium Australia
The Australian Securities and Investment Commission (Asic) has requested the Takeovers Panel to order ASX-listed Lithium Australia to withdraw its rights over shares obtained in takeover target Lepidico after April 7.
Lithium Australia in February this year announced an off-market script bid for Lepidico, offering one of its own shares for every 13.25 Lepidico shares held.