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Why did Atlantic Lithium reject Non-Binding Offers from Assore? — ASX:A11| ASX Mining News & Discussion
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Lykeshares Official
$A11 Why did Atlantic Lithium reject Non-Binding Offers from Assore?
In a recent announcement, Atlantic Lithium Limited, an African-focused lithium exploration and development company, revealed the rejection of non-binding indicative offers (NBIOs) from its major shareholder, Assore International Holdings Limited. The offers sought to acquire all the shares in Atlantic Lithium that Assore does not already own. The company's independent board committee, established to consider the approach from Assore, carefully evaluated the offers and determined that they undervalued Atlantic Lithium and were not in the best interests of shareholders.

Background on the Offers

Assore initially presented an identical NBIO on 2 October 2023, offering £0.33 per share (A$0.63). This prior offer was similarly rejected by Atlantic Lithium's independent board committee. The more recent NBIO on 7 November 2023 included the same offer price. Shareholders of Atlantic Lithium are not required to take any action in response to these offers.

Rejection Based on Shareholder Interests

The independent board committee, along with its advisors, thoroughly analyzed ...
Why did Atlantic Lithium reject Non-Binding Offers from Assore?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?