Australia's Azure Minerals soars to 15-year high on SQM's $900 mln buyout bid

Azure Minerals

26/10/2023 02:59

** Shares of Australian lithium producer Azure Minerals
 AZS.AX  soar as much as 44.3% to A$3.520, their highest since
June 20, 2008 
    ** Co says Chilean chemical giant SQM  SQMA.SN  will buy for
$900 million the rest of Australian lithium developer Azure
Minerals that it doesn't already own 
    ** Says SQM agreed to acquire all of Azure's shares at an
offer price of A$3.52 apiece, a premium of 44.3% to the stock's
last close of A$2.44 on Friday
    ** Shares on track for their biggest intraday pct gain since
June 13 
    ** More than 23.2 mln shares change hands, compared with
30-day average volume of ~3.5 mln shares  
    

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))