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Market Chatter: Lynas Rare Earths Discussed Earlier Takeover Talks That Did Not Proceed, Says Reuters

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Lynas Rare Earths (ASX:LYC) held takeover discussions earlier this year that ultimately did not progress, Reuters reported late Wednesday, citing a company spokesperson.

Chairman John Humphrey told investors at briefings that the talks had prompted the company to pause its search for a new chief executive to succeed Amanda Lacaze, who retired in June, the report added, citing three unnamed people.

The company did not immediately respond to anemail request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

What else is happening in Asia?

Asia

Western Mining Subsidiary to Donate to Tibet Mudslide Victims

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SHA:601168
Asia

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SET:GUNKUL
Asia

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HKG:0933HKG:2331