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BRIEF-Lithium Australia makes takeover bid for Lepidico

Published 06/02/2017, 09:53 am
Updated 06/02/2017, 10:00 am
© Reuters.  BRIEF-Lithium Australia makes takeover bid for Lepidico
LIT
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Feb 6 (Reuters) - Lithium Australia Nl LIT.AX :

* Lithium Australia takeover bid for Lepidico

* Intends to make a conditional off-market scrip bid valued at A$23.8 million, for all of fully paid ordinary shares in Lepidico Ltd

* Basis of offer will be one LIT fully paid ordinary share for every 13.25 fully paid ordinary shares in LPD

* LIT has entered into agreements with LPD shareholders currently holding 17.87 pct of LPD who have agreed to accept bid Source text for Eikon: Further company coverage: LIT.AX

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