Australian lithium miner gets improved $1.1 bln bid from Chile's SQM, Hancock Prospecting

Azure Minerals

18/12/2023 22:41

Dec 19 (Reuters) - Australia's Azure Minerals  AZS.AX 
said on Tuesday it has received a sweetened A$3.70 per share
takeover offer from Chile's SQM  SQMA.SN  and Hancock
Prospecting to buy the lithium developer, up from the prior
offer of A$3.52 per share.
    The sweetened deal implies an equity value of A$1.70 billion
($1.14 billion) for Azure.
    

($1 = 1.4919 Australian dollars)

 (Reporting by John Biju and Archishma Iyer in Bengaluru;
Editing by Krishna Chandra Eluri)
 ((John.Biju@thomsonreuters.com))