FX.co ★ Arcadium Lithium Obtains Shareholder Approval For Acquisition By Rio Tinto

Arcadium Lithium plc (ALTM, LTM.AX) has announced that it has secured all necessary shareholder approvals for its planned acquisition by Rio Tinto. The completion of this transaction is anticipated by mid-2025. In October 2024, Rio Tinto agreed to purchase Arcadium Lithium in an all-cash deal, offering $5.85 per share. This agreement values Arcadium's total share capital at about $6.7 billion.