American Rare Earths nixes US$400M SPAC takeover

American Rare Earths (ASX: ARR; US-OTC: ARRNF) said it won't sell its subsidiary Wyoming Rare in an all-share deal valued at US$400 million that a NASDAQ-listed special purpose acquisition company (SPAC) proposed on Friday. Wyoming Rare holds the 2.3-billion-tonne Halleck...

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