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home / articles / LINRF - Australian Billionaire Rinehart Ramps Up Liontown Stake Amid Albemarle's $4.3B Bid: Report | Benzinga

LINRF - Australian Billionaire Rinehart Ramps Up Liontown Stake Amid Albemarle's $4.3B Bid: Report | Benzinga

Liontown Resources Ltd

Australian billionaire Gina Rinehart has reportedly increased her investment in lithium producer Liontown Resources (OTC: LINRF) again.

This strategic move could provide her with enough leverage to block U.S. miner Albemarle Corp's (NYSE: ALB) proposed $4.3 billion takeover of the company, according to Reuters.

Related: Albemarle's Bold Move: Offers $4.3B For Lithium Miner Liontown Resources

The report added that Rinehart, Australia's wealthiest individual, has raised ...

Full story available on Benzinga.com
Stock Information
Company Name: Liontown Resources Ltd
Stock Symbol: LINRF
Market: OTC
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