trending Market Intelligence /marketintelligence/en/news-insights/trending/J7C5wHSdbmxSenWnedg-Xw2 content esgSubNav
In This List

General Mining recommends shareholders to accept Galaxy takeover offer

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


General Mining recommends shareholders to accept Galaxy takeover offer

The board of GeneralMining Corp. Ltd. has unanimously recommended that shareholdersaccept Galaxy Resources Ltd.'stakeover offer in theabsence of a superior proposal.

In May, Galaxy Resources agreed to acquire General Mining tocreate a lithium miner with a market cap exceeding A$700 million. Galaxy Resourcesis offering 1.65 of its shares for every General Mining share held, valuing thelatter at A$216 million, or 65.2 Australian cents per share.

The two companies became joint venture partners for theMount Cattlinspodumene project in Western Australia in June 2015 under an .