Rio Wins Approval to Buy Arcadium Lithium for $6.7 Billion
WEB15 hours ago · Rio will pay $5.85 per Arcadium share, a 90% premium to the target’s closing price on Oct. 4 — before Rio first confirmed that it had made an approach. Arcadium jumped as much as 31% to $5.56 ...
Rio Tinto goes all in on lithium with $6.7 billion Arcadium buy
WEB15 hours ago · Rio's London shares down 0.4% by 1054 GMT. LONDON/MELBOURNE, Oct 9 (Reuters) - Rio Tinto (RIO.AX), (RIO.L) has agreed to buy U.S. based Arcadium Lithium (ALTM.N) for $6.7 billion, it said on ...
Arcadium Lithium Stock Soars as Rio Tinto Announces $6.7B …
WEB8 hours ago · Rio Tinto announced Wednesday that it has agreed to acquire Arcadium Lithium in an all-cash deal at $5.85 per share, expanding its access to a key ingredient of electric vehicle (EV) batteries ...
Rio Tinto to acquire Arcadium Lithium
WEB15 hours ago · Releases. 2024. Rio Tinto to acquire Arcadium Lithium. World-class lithium business to strengthen Rio Tinto’s position as global leader in. Counter-cyclical expansion into a high-growth market, aligned with Rio Tinto’s long-term strategy and disciplined capital allocation framework. Rio Tinto’s scale, project development capabilities and ...
Rio Tinto strikes $6.7 billion deal to buy Arcadium Lithium
WEB7 hours ago · Terms call for Rio Tinto (RIO) (UK:RIO) (AU:RIO) to pay $5.85 per share, in cash, for each Arcadium share (ALTM) AU:LTM, which is a 90% premium to the price on Oct. 4, when news first surfaced of ...
Rio Tinto aims to snap up Arcadium before lithium prices recover
WEB2 days ago · Companies. Rio will need to pay over $5 bln, investors and analysts say. Bottom-of-the-cycle play is good timing for Rio Tinto. Australian-listed shares of Arcadium rally 50%. MELBOURNE, Oct 7 ...
Live news: Rio Tinto agrees to buy Arcadium Lithium for $6.7bn
WEB21 hours ago · Rio Tinto has agreed to buy Arcadium Lithium for $6.7bn in cash, a deal that highlights how mining companies are positioning themselves for rising demand from the electric vehicle market. The ...
Rio Tinto aims to snap up Arcadium before lithium prices recover
WEB2 days ago · RIO. (Reuters) -Rio Tinto is in talks to buy lithium producer Arcadium, with the global miner looking to pounce following a slump in prices for the ultralight metal used to make electric-vehicle ...
Rio Tinto Makes Approach to Buy Lithium Producer Arcadium
WEB2 days ago · Listen. 3:59. Rio Tinto Group has made an approach for Arcadium Lithium Plc, the two sides said on Monday, confirming the latest takeover proposal in a sector turning its attention back to growth ...
Rio Tinto confirms approach to Arcadium Lithium
WEB2 days ago · MELBOURNE, Australia-- (BUSINESS WIRE)-- Rio Tinto today confirmed that it has made an approach to Arcadium Lithium regarding a potential acquisition of Arcadium Lithium by Rio Tinto. The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed. …