Probably the most Googled inventory on the ASX at present has been revealed.
One of many world’s largest lithium producers sparked a resurgence in lithium shares after attempting for a $5.5 billion takeover bid at West Australia’s Liontown Sources — a proposal that was promptly rejected.
“Liontown Sources was probably the most Googled inventory on the ASX at present,” Buying and selling Up host Heidi Cuthbert stated on Monday’s episode.
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“Liontown rejected a 5.5 billion takeover bid from American big Albemarle.
“The bid was for $2.50 per share which despatched Liontown shares surging.
“Clearly, Liontown shareholders anticipate Albemarle goes to dig a little bit deeper and sweeten the supply.”
The bid pushed up the worth sufficient that Perth investor Tim Goyder has regained his standing as a billionaire.
Buying and selling Up additionally seems at why there’s some reduction for Treasurer Jim Chalmers and Australian banks, and the way Disney is dealing with main job cuts.
