Original article by Patrick Hatch, Darren Gray
The Sydney Morning Herald – Page: Online : 3-May-19

Shares in Kidman Resources rose 45 per cent to close at $1.87 on 2 May after conglomerate Wesfarmers made a $776 million takeover bid for the lithium miner. Kidman’s main asset is a 50 per cent stake in a Western Australian lithium project, and joint venture partner SQM supports Wesfarmers’ bid. Wesfarmers CEO Rob Scott says that despite the Kidman bid, its takeover bid for rare earths producer Lynas Corporation remains on the table.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, WESFARMERS LIMITED – ASX WES, SOCIEDAD QUIMICA Y MINERA SA, LYNAS CORPORATION LIMITED – ASX LYC, WESTERN AREAS LIMITED – ASX WSA