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03/04/2025 - 15:18

Galan rejects $240M takeover offer at 2.6 times market cap

03/04/2025 - 15:18

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Galan Lithium has turned down a US$150 million (A$240M) cash offer from a Chinese-French combo to acquire its lithium brine projects in Argentina, labelling the proposal “opportunistic” and “undervalued”. The market responded swiftly, with Galan’s shares soaring more than 50 per cent to a high of 16c per share - defying the broader ASX index and lithium market sentiment.

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