Global Metals & Mining_ Rio Tinto agrees counter-cyclical cash offer to acquire Arcadium Lithium

Rio Tinto has announced an agreement to acquire Arcadium Lithium (Not Rated).According to Rio, this represents a counter-cyclical expansion aligned with its

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Rio Tinto has announced an agreement to acquire Arcadium Lithium (Not Rated).
According to Rio, this represents a counter-cyclical expansion aligned with its
disciplined capital allocation framework. The transaction has been unanimously
approved by both the Rio Tinto and Arcadium Lithium Boards of Directors, and is
expected to close in mid-2025 (implemented by way of a Jersey scheme of
arrangement). Completion of the transaction is subject to approval of Arcadium
Lithium shareholders (at least 75%) and the Royal Court of Jersey, as well as
customary regulatory approvals and other closing conditions.

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