bullish
Azure (AZS AU): SQM The Likely Suitor
451 Views25 Oct 2023 10:25
SUMMARY
- Lithium mining play Azure Minerals (AZS AU) went into a trading halt Monday (23 October) "regarding a potential change of control transaction". That halt has been extended to Friday morning.
- The obvious suitor is Sociedad Quimica y Minera de C (SQM/B CI) with 19.9%, who approached Azure with a $2.31/share Offer in August but was rejected.
- Mark Creasy, a major shareholder in Azure and also a direct stakeholder in Azure's flagship mine, is the key. Should a firm Offer unfold, expect a chunky premium.
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- Azure (AZS AU): MinRes' Discounted Exit21 Feb 2024
- Gina Joins SQM In Bid For Azure (AZS AU)19 Dec 2023
- Gina Can't "Liontown" SQM's Bid For Azure26 Oct 2023
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