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BRIEF-Lynas Corp Says Board Concluded That It Would Not Engage With Wesfarmers On Terms Outlined In Proposal

April 10 (Reuters) - Lynas Corporation Ltd:

* BOARD CONCLUDED THAT IT WOULD NOT ENGAGE WITH WESFARMERS ON TERMS OUTLINED IN PROPOSAL

* SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO INDICATIVE PROPOSAL

* CONTINUE TO ENGAGE WITH MALAYSIAN GOVERNMENT TO REACH AN OUTCOME THAT WILL BE GOOD FOR MALAYSIA AND GOOD FOR CO

* LYNAS CORP SAYS ITS INTELLECTUAL PROPERTY IS VALUABLE IN ITS OWN RIGHT, AND ITS VALUE IS NOT REFLECTED IN INDICATIVE PROPOSAL FROM WESFARMERS Source text (https://reut.rs/2P3TG9N) Further company coverage: