LTR News: CORRECTED-UPDATE 2-Australia billionaire raises Liontown stake, could block Albemarle's$4.3 bln bid - 6th Oct 2023, 7:20pm

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(Corrects headline to note Rinehart's company raises stake in Liontown, not Albemarle)

By Scott Murdoch and Lewis Jackson

SYDNEY, Oct 6 (Reuters) - Australian billionaire Gina Rinehart raised her stake again in lithium producer Liontown Resources, giving her enough leverage to possibly block U.S. miner Albemarle Corp's $4.3 billion proposed takeover of the company.

Australia's richest person raised her stake to 16.7%, becoming Liontown's largest shareholder, her company Hancock Prospecting sa...

>>> Read more: CORRECTED-UPDATE 2-Australia billionaire raises Liontown stake, could block Albemarle's$4.3 bln bid
 
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