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BARRY FITZGERALD
Liontown sinks as Hancock muddies the waters
IT was telling that Liontown fell below the indicative A$3 a share bid from Albemarle on news that Gina Rinehart’s Hancock Prospecting had increased its Liontown stake to 10.7%, writes <b>Barry FitzGerald</b>.
The increase from the 7.7% stake declared on September 11 falls well short of a blocking stake to the Albemarle bid which is by way of a scheme of arrangement with a 75% shareholder approval requirement....
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