M&A

Rio Tinto to buy Arcadia Lithium for $6.7bn

By Frank Prenesti

Date: Wednesday 09 Oct 2024

(Sharecast News) - Rio Tinto said it had struck a deal to buy Arcadium Lithium for $6.7bn, making it a major producer of a key component of electric vehicle batteries.
The Anglo-Australian mining giant on Wednesday said it was offering $5.85 a share in cash - a 90% premium to the...

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