Asic seeks orders against Lithium Australia

June 7, 2017

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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.

Category: General