Federal Court gives green signal to Wesfarmers Lithium Pty Ltd

  • Sep 12, 2019 AEST
  • Team Kalkine

Federal Court of Australia has given orders to approve the scheme of arrangement under which Wesfarmers Lithium Pty Ltd, a wholly owned subsidiary of Wesfarmers Limited (ASX: WES), will acquire all the issued ordinary shares in Kidman (ASX: KDR).

  • Kidman expects to lodge a copy of the Court’s order with the Australian Securities and Investment Commission on 13th September 2019, the date at which the scheme will become legally effective.
  • Kidman will apply for its shares to be suspended from trading on the ASX from the close of trading on 13th September 2019.

At 12:06 PM AEST, KDR’s stock was trading at A$1.897, up 0.106% from its previous close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK