Announced
Wesfarmers withdrew its offer to acquire Lynas Corp for $1.1bn.
Synopsis
Wesfarmers withdrew its offer to acquire Lynas, the Australian-listed miner, and rare earth supplier, for $1.1bn. "Wesfarmers remains focussed on delivering value to its shareholders through disciplined capital allocation within our division and when considering new investments," Rob Scott, Wesfarmers Managing Director.
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