Australia's Azure Minerals rises on sweetened $1.14 bln takeover offer

Azure Minerals

19/12/2023 01:19

** Shares of Azure Minerals  AZS.AX  rise as much as 2.2% to
A$3.710
    ** The lithium developer says Chile's SQM  SQMA.SN  has
teamed up with miner Hancock Prospecting, run by Australia's
richest person, to make a A$1.70 bln ($1.14 bln) bid for co
    ** Adds co says it has received a sweetened A$3.70-per-share
takeover offer from the pair, up from A$3.52 per share
    ** AZS stock up for forth consecutive session
    ** Stock up more than 10 times this year, as of last close
    

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))