Arcadium Lithium (ALTM) “announced that it has obtained all requisite shareholder approvals in connection with the proposed acquisition by Rio Tinto (RIO) previously announced on October 9, 2024. As of this release, merger control clearance has been satisfied or waived in Australia, Canada, China, the United Kingdom and the United States (Hart-Scott-Rodino Antitrust Improvements Act of 1976). Additionally, investment screening approval has been satisfied in the United Kingdom. The proposed transaction is still expected to close in mid-2025, subject to the receipt of remaining regulatory approvals and other closing conditions.”
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Read More on ALTM:
- Argus cuts Arcadium Lithium to Hold amid Rio Tinto deal, sees arbitrage ‘risky’
- Arcadium Lithium downgraded to Hold from Buy at Argus
- Arcadium Lithium Secures Leadership Amidst Rio Tinto Deal
- Arcadium Lithium downgraded to Neutral from Buy at B. Riley
- Arcadium Lithium downgraded to Sector Perform from Outperform at Scotiabank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
