Rio Tinto to Acquire Arcadium Lithium for $6.7 Billion

Oct 09, 2024

Mining giant Rio Tinto has announced a definitive agreement to acquire the American lithium company, Arcadium Lithium, through an all-cash transaction valued at $6.7 billion. Rio Tinto will purchase Arcadium Lithium at a price of $5.85 per share, representing a 90% premium over Arcadium's closing price of $3.08 on October 4th.

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