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Galaxy Resources Limited Announcement

Galaxy Resources Limited Announcement Galaxy Resources Limited advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform : Becoming a substantial holder The announcement can be viewed at: SOURCE Galaxy Resources Limited View original content  Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX): Becoming a substantial holder   PROMISING Stock Picks! Get the latest information about companies associated with Australia Investing Delivered directly to your inbox. Australia Investing We have limited the number of investor kits you can request to 20.

Why Eagers Auto, Orocobre, Sims, & Titomic shares are storming higher

Why Eagers Auto, Orocobre, Sims, & Titomic shares are storming higher James Mickleboro | April 19, 2021 2:45pm | More on: In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a gain. At the time of writing, the benchmark index is up 0.2% to 7,078.3 points. Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher: The Eagers Automotive share price has climbed 4% to $16.21. Investors have been buying the auto retailer’s shares after Morgan Stanley responded positively to its recent trading update. The broker notes that Eagers Automotive is trading well-ahead of expectations so far in FY 2021. In addition, the broker believes it is well-placed to be a much more profitable company in the future. Morgan Stanley has retained its overweight rating and lifted its price target to $18.00.

Orocobre and Galaxy agree to a proposed A$4B merger of equals, establishing a new force in the global lithium sector

 > Nachricht Orocobre and Galaxy agree to a proposed A$4B merger of equals, establishing a new force in the global lithium sector Nachrichtenquelle: globenewswire  |  19.04.2021, 13:18  |  79  th largest global lithium chemicals company with a diversified production base and exciting growth platform, with potential to unlock significant synergies and realise value to be shared by all shareholders. BRISBANE, Australia, April 19, 2021 (GLOBE NEWSWIRE) Orocobre Limited (ASX:ORE, TSX:ORL) ( Orocobre) and Galaxy Resources Limited (ASX:GXY) ( Galaxy) are pleased to announce that they have entered into a binding Merger Implementation Deed ( MID) under which the two companies will merge via a Galaxy Scheme of Arrangement

Orocobre to Acquire Galaxy in Proposed MID | Orocobre to Acquire Galaxy in Proposed MIDFinancial Buzz

Posted on 3125 Orocobre (TSX: ORL) and Galaxy Resources Limited have announced entry into a binding Merger Implementation Deed (MID) where the two companies will merge in a Galaxy Scheme of Arrangement (Scheme) where Orocobre will acquire 100% of the shares in Galaxy.  Shareholders of Galaxy will receive 0.569 Orocobre shares for each Galaxy share held at the record date of the Galaxy Scheme of Arrangement.  At the execution of the Scheme, Orocobre shareholders will own 54.2% of the fully diluted share capital of the combined entity and Galaxy shareholders will own the remaining 45.8%.  The board of both companies have unanimously recommended the Scheme and plan to vote all the shares they hold in favour of the Scheme.  Martin Rowley shall become Non-Executive Chairman as Robert Hubbard would become Deputy Chairman, as Martin Perez de Solay will remain CEO and Managing Director of the group. 

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