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Street Talk

Euroz hoovers up Azure Minerals stock after SQM’s $1.6b bid

Stockbroker Euroz Hartleys was hoovering up shares in lithium play Azure Minerals on Monday morning, after the company signed a binding deed with Chilean giant SQM at $3.50 a share.

It had traded nearly 64.9 million shares in Azure Minerals at $3.50 or $3.49 a share, which is bang next to the bid price. The identity of the buyer was not known.

However, last time that combination happened, it was iron ore billionaire Gina Rinehart building towards a 19.99 per cent stake at Liontown Resources, which too at the time was subject to a big premium bid.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at

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