BRIEF-Wesfarmers Updates On Proposal To Acquire Lynas Corporation

Aug 22 (Reuters) - Wesfarmers Ltd:

* UPDATES ON PROPOSAL TO ACQUIRE LYNAS CORPORATION

* WESFARMERS HAS BEEN UNABLE TO PROGRESS ITS PROPOSAL AND DOES NOT INTEND TO PURSUE IT FURTHER

* UNABLE TO PROGRESS ITS PROPOSAL AND DOES NOT INTEND TO PURSUE IT FURTHER

* NOTES LYNAS ANNOUNCEMENT CONFIRMING CONDITIONS FOR RENEWAL OF OPERATING LICENCE FOR COMPANY'S LAMP FACILITY IN MALAYSIA Source text for Eikon: Further company coverage: