Shares of Peak Rare Earths Flat After Independent Expert Confirms Scheme in Best Interest of Shareholders

MT Newswires Live

Sep 08, 2025

Shares of Peak Rare Earths (ASX:PEK) were flat in Monday trade after independent expert RSM Corporate Australia confirmed Sept. 5 that in the absence of a superior proposal, the revised takeover offer from Shenghe Resources of not less than AU$0.443 per share is fair and reasonable and in the best interests of shareholders not associated with Shenghe.

The company's independent board committee unanimously advises shareholders to approve the scheme, pending no better offers and the expert continuing to confirm it is in shareholders' best interests, the filing added.

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