Shareholders of Australia's Kidman Resources approve Wesfarmers takeover [Reuters]
WESFARMERS LTD UNSP/ADR (WFAFY)
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Source: Reuters
Shareholders of Australia's Kidman Resources approve Wesfarmers takeover - Reuters 1 Min Read Sept 5 (Reuters) - Kidman Resources Ltd said on Thursday its shareholders voted in favour of conglomerate Wesfarmers Ltd purchase of the lithium miner for about A$776 million ($524.11 million). At a meeting, a majority of Kidman shareholders voted in favour of the scheme of arrangement and the deal is now subject to court approval on Sept. 12, the miner said in a statement. Wesfarmers had offered to buy Kidman in May this year - a move that would give the retail conglomerate entry into the booming electric vehicle market. $1 = 1.4806 Australian dollarsReporting by Rashmi Ashok in Bengaluru; editing by ChristianSchmollinger All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Shareholders of Australia's Kidman Resources approve Wesfarmers takeover Sept 5 (Reuters) - Kidman Resources Ltd said on Thursday
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