April 10 (Reuters) - Lynas Corporation Ltd LYC.AX :
* BOARD CONCLUDED THAT IT WOULD NOT ENGAGE WITH WESFARMERS ON TERMS OUTLINED IN PROPOSAL
* SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO INDICATIVE PROPOSAL
* CONTINUE TO ENGAGE WITH MALAYSIAN GOVERNMENT TO REACH AN OUTCOME THAT WILL BE GOOD FOR MALAYSIA AND GOOD FOR CO
* LYNAS CORP SAYS ITS INTELLECTUAL PROPERTY IS VALUABLE IN ITS OWN RIGHT, AND ITS VALUE IS NOT REFLECTED IN INDICATIVE PROPOSAL FROM WESFARMERS