SYDNEY -- Australian group Wesfarmers announced an offer Tuesday to acquire compatriot Lynas, one of the few non-Chinese suppliers of rare earths, returning to a purchase mode after a spate of recent asset disposals.
Business deals
Australia's Wesfarmers makes $1bn bid for rare-earths miner
Conglomerate is offering 45% premium for Lynas, supplier based outside of China
Lynas has clashed with Malaysian regulators over its rare-earths processing plant in the country. © Reuters
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