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Announced

26 Mar 2019

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.

Principals

target

Lynas Corporation

bidder

Wesfarmers

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Market Context

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Seller Team (4)

mike harding

Chairman at LYNAS CORPORATION LTD

Manager

target

Deal

£ 807 M

Total Value

gaudenz sturzenegger

CFO at LYNAS CORPORATION LTD

Manager

target

Deal

£ 807 M

Total Value

andrew arnold

General Counsel at LYNAS CORPORATION LTD

Manager

target

Deal

£ 807 M

Total Value

amanda lacaze

Managing Director at LYNAS CORPORATION LTD

Manager

target

Deal

£ 807 M

Total Value

Bidder Team (6)

baden furphy

Partner at Herbert Smith Freehills

Lawyer

bidder

Deals

£ 58.08 B

Total Value

maya vanden driesen

General Counsel at WESFARMERS LTD

Manager

bidder

Deals

£ 9.43 B

Total Value

anthony gianotti

CFO at WESFARMERS LTD

Manager

bidder

Deals

£ 9.43 B

Total Value

michael chaney

Non-Executive Chairman at WESFARMERS LTD

Manager

bidder

Deals

£ 10.07 B

Total Value

robert scott

Managing Director at WESFARMERS LTD

Manager

bidder

Deals

£ 11.27 B

Total Value

david gray

Herbert Smith Freehills

Lawyer

bidder

Deals

£ 4.32 B

Total Value

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