M&A

MinRes backs Develop's move into lithium

BILL Beament's Develop has entered into a binding agreement to acquire lithium developer Essential Metals in a deal worth about A$152.6 million.

 Bill Beament

Bill Beament

Essential has agreed to a scrip takeover of one Develop share for every 6.18 Essential shares held. Based on Friday's closing prices, the deal values Essential at 56c per share, a 34.9% premium. ...

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