Kidman not aware of rival bids as shares exceed Wesfarmers' offer
Peter KerResources reporter
Kidman Resources chairman John Pizzey says he is not aware of any rival suitor for the company beyond Wesfarmers, and appears unlikely to push the Perth conglomerate for an improved offer despite Kidman shares trading above the offer price this week.
Kidman shares traded as high as $1.98 on Wednesday, well above Wesfarmers’ $1.90-per-share offer to buy the lithium upstart.
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