Original article by Brad Thompson
The Australian Financial Review – Page: Online : 12-Oct-23

Shares in Liontown Resources fell from around $3 to $2.90 during intra-day trade on Wednesday, with the fall coming after Gina Rinehart’s Hancock Prospecting announced it had increased its stake in the lithium explorer to 19.9 per cent. With $3 being the price at which battery metals company Albemarle has ‘pitched’ its $6.6 billion takeover offer for Liontown, the fall in its share price was seen as a sign that investors see little chance in its bid succeeding. It may now have to abandon its offer, or work in partnership with Rinehart.

CORPORATES
LIONTOWN RESOURCES LIMITED – ASX LTR,[SPACE]HANCOCK PROSPECTING PTY LTD,[SPACE]ALBERMARLE CORPORATION

MINING CORPORATIONS – AUSTRALIA,[SPACE]INSTITUTIONAL INVESTMENTS – AUSTRALIA,[SPACE]MERGERS AND ACQUISITIONS – AUSTRALIA]