March 25, 2019 / 9:49 PM / in a month

Australia's Wesfarmers makes $1.1 bln buyout offer for Lynas Corp

March 26 (Reuters) - Australian conglomerate Wesfarmers Ltd said on Tuesday it made a bid to acquire rare earths miner Lynas Corporation Ltd for A$1.50 billion ($1.07 billion) in cash.

Under the proposal, Lynas shareholders will receive A$2.25 per share, Wesfarmers said in a statement. ($1 = 1.4069 Australian dollars) (Reporting by Aditya Soni in Bengaluru Editing by Matthew Lewis)

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