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Peak Rare Earths Shareholders Vote on $195M Shenghe Buyout Amid Rival Bid
8:48am on Tuesday 16th of September, 2025 AEST
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Mining
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Peak Rare Earths Shareholders Vote on $195M Shenghe Buyout Amid Rival Bid
8:48am on Tuesday 16th of September, 2025 AEST
Key Points
Shenghe Resources proposes $195 million acquisition via scheme of arrangement
Offer represents 23% increase from original proposal and 32% premium to recent share price
Independent Board Committee unanimously recommends voting in favor
Unsolicited higher bid from GICP rejected due to insufficient details and risks
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