Rio will be one of the world's largest producers of lithium
Rio Tinto and Arcadium Lithium today announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share, or $6.7billion.The Transaction represents a premium of 90% to Arcadium's closing price of $3.08/share on 4 October 2024 and a premium of 39% to Arcadium's volume-weighted average price since Arcadium was created on 4 January 2024.
"This agreement with Rio Tinto demonstrates the value in what we have built over many years at Arcadium Lithium and its predecessor companies, and we are excited that this transaction will give us the opportunity to accelerate and expand our strategy, for the benefit of our customers, our employees, and the communities in which we operate," he addedArcadium seeks to have exposure along the entire lithium value chain, producing spodumene , carbonate, hydroxide and speciality lithium...
Rio Tinto Jakob Stausholm LME Week Paul Graves
United Kingdom Latest News, United Kingdom Headlines
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