TECHNOLOGY

Takeover bid fails

THE latest bid by Lithium Australia to take control of rival Lepidico has failed after the Lepidico board rejected the offer, which was considered by an independent expert to be “neither fair nor reasonable”.

Karma Barndon
Lithium Australia lepidolite-rich boulder from WA project.

Lithium Australia lepidolite-rich boulder from WA project.

Lithium Australia has been trying to acquire Lepidico since February with a bid offering one Lithium Australia share for every 13.25 Lepidico shares. That offer was rejected by Lepidico and its shareholders,...

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