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Today's Market View - Bacanora Lithium, Lucara Diamonds, Pasofino Gold and more...


Today s Market View - Bacanora Lithium, Lucara Diamonds, Pasofino Gold and more.
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China's Ganfeng makes $264.5m buyout offer for Bacanora Lithium


07 May 2021 (Last Updated May 7th, 2021 10:12)
China’s Ganfeng Lithium has offered to acquire the shares it does not already own in Bacanora Lithium for $264.5m.
Share Article
Ganfengwill intends to acquire the remaining shares in Bacanora at 67.5p per share. Credit: Khusen Rustamov from Pixabay.
Bacanora’s independent directors, who consider Ganfeng’s offer as ‘attractive’, intend to recommend the deal to shareholders once it becomes a formal proposal. The possible deal would be subject to Chinese authorities’ approval.
According to the latest offer, Ganfeng will acquire the remaining shares in Bacanora at 67.5p per share. The deal values Bacanora Lithium at up to £267m. ....

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Investegate |Bacanora Lithium PLC Announcements | Bacanora Lithium PLC: Possible Offer for Bacanora Lithium plc


FOR IMMEDIATE RELEASE
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THIS IS AN ANNOUNCEMENT OF A POSSIBLE OFFER UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE CODE ). THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, EVEN IF THE PRE-CONDITIONS IN THIS ANNOUNCEMENT ARE SATISFIED. ....

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