Activity in M & A9 Oct 2024 07:50
LONDON - Mining giant Rio Tinto (NYSE:RIO) has reached a definitive agreement to purchase Arcadium Lithium in an all-cash transaction valued at approximately $6.7 billion, or $5.85 per share. This acquisition price represents a significant premium of 90% over Arcadium’s closing share price on October 4, 2024, and a 39% premium over the volume-weighted average price since Arcadium's inception on January 4, 2024.
Acker