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Stock impact report

Australia's Galan Lithium declines $150 million buyout bid for Argentine assets [Yahoo! Finance Canada]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Shares of Galan were up 38.1% at A$0.145, as of 0111 GMT, while the broader benchmark index was down 1.5%. The stock climbed to its highest level since early January. Last August, EnergyX, a lithium technology startup company, made a $150 million offer to purchase Galan's Argentine assets. The Hombre Muerto West project, Galan's flagship project, is located near lithium projects and owned by Arcadium Lithium and Posco Holdings. Posco is an investor in EnergyX. (Reporting by Sherin Sunny in Bengaluru; Editing by Sherry Jacob-Phillips) Recommended Stories Show less Read more
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