Gina Rinehart’s Hancock Prospecting has confirmed it is the buyer of a significant stake in takeover target Liontown Resources (LINRF), days after Albemarle (ALB) confirmed on September 4 that it will be working toward the execution of a binding agreement to acquire Liontown Resources Limited, Danielle Le Messurier reported in The West Australian.
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Read More on ALB:
- Liontown Resources upgraded to Neutral from Sell at Citi
- Albemarle confirms non-binding agreement to acquire Liontown
- Albemarle (NYSE:ALB) Presents its “Best and Final” Offer for Liontown
- Albemarle price target lowered to $255 from $275 at Piper Sandler
- Albemarle price target raised to $260 from $255 at RBC Capital