Rio Tinto to control third-largest lithium reserves with $6.7B Arcadium takeover
October 9, 2024 Comments Off
Rio Tinto Group will secure the world’s third-largest lithium reserves and resources globally by acquiring Arcadium Lithium, according to S&P Global Market Intelligence data. Both companies’ boards have unanimously approved the all-cash transaction for $5.85 per share, announced Oct. 9, which values Arcadium’s diluted share capital at about $6.7 billion. The deal is expected to close mid-2025. Rio Tinto has…
Rio Tinto to control third-largest lithium reserves with $6.7B Arcadium takeover
Rio Tinto Group will secure the world’s third-largest lithium reserves and resources globally by acquiring Arcadium Lithium, according to S&P Global Market Intelligence data. Both companies’ boards have unanimously approved the all-cash transaction for $5.85 per share, announced Oct. 9, which values Arcadium’s diluted share capital at about $6.7 billion. The deal is expected to close mid-2025. Rio Tinto has…
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