Lynas confirms takeover talks and CEO search pause

Lynas Rare Earths confirmed it engaged in takeover talks earlier this year. The discussions ultimately did not proceed and prompted the company to briefly suspend its search for a new chief executive officer.

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FILE PHOTO: A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

LYNAS RARE EARTHS LTD held takeover talks earlier this year, prompting the company to suspend its chief executive officer search for 4-1/2 months, according to investor briefings held on Wednesday morning.

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