Kidman shareholders accept Wesfarmers suit

The shareholders of ASX-listed Kidman Resources have backed a A$776-million takeover offer from fellow-listed Wesfarmers.

Wesfarmers in May this year launched a A$1.90 a share cash offer for the lithium junior, which holds a 50% interest in the Mt Holland lithium project, in Western Australia, which is jointly owned by the Sociedad Quimica y Minera de Chile SA (SQM).