Wesfarmers' acquisition of Kidman Resources approved by shareholders

Wesfarmers' $776 million bid to acquire Kidman Resources was approved by over 94% of Kidman shareholders. The acquisition includes plans to develop the Mt Holland lithium project in Western Australia, with an additional $700 million investment expected before first production in 2022.

“This approval by Kidman shareholders is one of the most important milestones in our proposed acquisition of Kidman and subsequent participation in the development of the Mt Holland lithium project.”australianmining.com.au

• 2 sources
• australianmining.com.auKidman shareholders give green light for Wesfarmers takeover - Australian MiningBen CreaghSep 5, 2019
• australianmining.com.auWesfarmers takes control of Kidman Resources - Australian MiningVanessa ZhouSep 24, 2019

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