(Bloomberg) -- Australia’s richest woman Gina Rinehart has stepped up her buying spree in Liontown Resources Ltd. to accumulate a total stake of 19.9%, close...
-- Australia’s richest woman Gina Rinehart has stepped up her buying spree in Liontown Resources Ltd. to accumulate a total stake of 19.9%, close to the 20% threshold that would normally trigger a mandatory takeover offer.China Mulls New Stimulus, Higher Deficit to Meet Growth Goal
Hancock’s stake may complicate Liontown’s A$6.6 billion takeover by Albemarle Corp., the world’s largest lithium producer, which has been conducting due diligence on the Australian company. A stake of 20% or beyond would mean the Australian company would need to make an offer for all the shares in Liontown.
-- Bank of Nova Scotia is partnering with Sun Life Financial Inc.’s asset-management division to give the lender’s affluent clients in Canada the chance to tap into private credit and other alternative assets growing in popularity.
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