Brief: SQM Says Proposed Acquisition With Hancock Prospecting Of Azure Minerals Ltd Has Progressed With Dispatch Of Transaction Booklet

Azure Minerals

04/03/2024 16:32

March 4 (Reuters) - Sociedad Quimica y Minera de Chile
S.A.  SQMA.SN :
    * SQM SAYS PROPOSED ACQUISITION WITH HANCOCK PROSPECTING OF
AZURE
MINERALS LTD HAS PROGRESSED WITH DISPATCH OF TRANSACTION BOOKLET
    * SQM SAYS BOARD OF AZURE HAS UNANIMOUSLY RECOMMENDED
PROPOSED
TRANSACTION
    * SQM SAYS INDEPENDENT EXPERT HAS ASSESSED VALUE OF AZURE'S
SHARES
TO BE IN THE RANGE OF AUD 2.03 TO AUD 2.93 PER AZURE'S SHARE ON
A 100% CONTROLLING INTEREST BASIS
    * SQM SAYS INDEPENDENT EXPERT HAS CONCLUDED THAT TAKEOVER
BID IS
FAIR AND REASONABLE
    * SQM SAYS AZURE'S CALCULATIONS INDICATE THAT THE VALUE OF
ANDOVER
LITHIUM PROJECT WOULD BE EXPECTED TO BE APPROXIMATELY BETWEEN
AUD 956 MILLION AND AUD 1.434 BILLION
    * SQM SAYS TWO OF AZURE'S SHAREHOLDERS, CREASY GROUP AND
DELPHI
GROUP, HAVE CONFIRMED THEY INTEND TO SELL ALL THEIR SHARES TO
JOINT BIDDERS

Source text for Eikon:  ID: 
Further company coverage:  AZS.AX 

 (Reporting by Santiago newsroom)
 ((mexicocity.newsroom@reuters.com;))