BRIEF-Galan Lithium Rejects Offer From Zhejiang Huayou Cobalt & Renault Group For Argentina Assets

Dow Jones Industrial Average -0.13%
S&P 500 index +0.11%
NASDAQ +0.18%

Dow Jones Industrial Average

DJI

46504.67

-0.13%

S&P 500 index

SPX

6582.69

+0.11%

NASDAQ

IXIC

21879.18

+0.18%

April 3 (Reuters) - Zhejiang Huayou Cobalt Co Ltd 603799.SS:

  • RECEIVED UNSOLICITED, CONDITIONAL, NON-BINDING PROPOSAL FROM ZHEJIANG HUAYOU COBALT CO., LTD & THE RENAULT GROUP

  • DEAL FOR 100% OF CO'S INTERESTS IN HOMBRE MUERTO WEST AND CANDELAS FOR US$150 MILLION

  • BELIEVES INDICATIVE PROPOSAL IS OPPORTUNISTIC AND UNDERVALUES CO'S KEY ASSETS

  • BOARD OF GALAN REJECTED OFFER

Further company coverage: 603799.SS


((Reuters.Briefs@thomsonreuters.com;;))

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.