Arcadium Lithium Announces Shareholder Approval of Proposed Rio Tinto Transaction and Provides Regulatory Update
Arcadium Lithium (NYSE: ALTM) announced shareholder approval for its proposed acquisition by Rio Tinto, initially revealed on October 9, 2024. The company has secured merger control clearance in Australia, Canada, China, the United Kingdom, and the United States, along with investment screening approval in the UK. CEO Paul Graves emphasized that the merger will strengthen their position as a global lithium chemicals producer and enhance their operational capabilities. The transaction is expected to close in mid-2025, pending remaining regulatory approvals and closing conditions.
Arcadium Lithium (NYSE: ALTM) ha annunciato l'approvazione da parte degli azionisti per la sua proposta di acquisizione da parte di Rio Tinto, inizialmente rivelata il 9 ottobre 2024. L'azienda ha ottenuto l'approvazione per il controllo della fusione in Australia, Canada, Cina, Regno Unito e Stati Uniti, insieme all'approvazione per il monitoraggio degli investimenti nel Regno Unito. Il CEO Paul Graves ha sottolineato che la fusione rafforzerà la loro posizione come produttore globale di prodotti chimici al litio e migliorerà le loro capacità operative. Si prevede che la transazione si concluda entro metà del 2025, restando in attesa delle autorizzazioni normative finali e delle condizioni di chiusura.
Arcadium Lithium (NYSE: ALTM) anunció la aprobación de los accionistas para su propuesta de adquisición por parte de Rio Tinto, revelada inicialmente el 9 de octubre de 2024. La compañía ha asegurado la autorización de control de fusiones en Australia, Canadá, China, Reino Unido y Estados Unidos, junto con la aprobación para la revisión de inversiones en el Reino Unido. El CEO Paul Graves enfatizó que la fusión fortalecerá su posición como productor global de productos químicos de litio y mejorará sus capacidades operativas. Se espera que la transacción se cierre a mediados de 2025, a la espera de las aprobaciones regulatorias restantes y las condiciones de cierre.
Arcadium Lithium (NYSE: ALTM)는 2024년 10월 9일에 처음 발표된 Rio Tinto의 제안 인수에 대한 주주 승인을 발표했습니다. 이 회사는 호주, 캐나다, 중국, 영국 및 미국에서 합병 통제 승인을 확보했으며, 영국에서의 투자 심사 승인도 받았습니다. CEO인 Paul Graves는 이번 인수가 글로벌 리튬 화학 제품 생산자로서의 입지를 강화하고 운영 능력을 향상시키게 될 것이라고 강조했습니다. 이번 거래는 남은 규제 승인 및 마감 조건을 기다리며 2025년 중반에 완료될 것으로 예상됩니다.
Arcadium Lithium (NYSE: ALTM) a annoncé l'approbation de ses actionnaires pour sa proposition d'acquisition par Rio Tinto, initialement révélée le 9 octobre 2024. L'entreprise a obtenu l'autorisation de contrôle de la fusion en Australie, au Canada, en Chine, au Royaume-Uni et aux États-Unis, ainsi que l'approbation de la surveillance des investissements au Royaume-Uni. Le PDG Paul Graves a souligné que la fusion renforcera leur position en tant que producteur mondial de produits chimiques au lithium et améliorera leurs capacités opérationnelles. La transaction devrait être conclue d'ici mi-2025, en attente des approbations réglementaires restantes et des conditions de clôture.
Arcadium Lithium (NYSE: ALTM) hat die Zustimmung der Aktionäre für seine vorgeschlagene Übernahme durch Rio Tinto bekannt gegeben, die ursprünglich am 9. Oktober 2024 bekannt gegeben wurde. Das Unternehmen hat die Genehmigung für die Fusion über Australien, Kanada, China, das Vereinigte Königreich und die Vereinigten Staaten erhalten, sowie die Genehmigung für die Investitionsprüfung im Vereinigten Königreich. CEO Paul Graves betonte, dass die Fusion ihre Position als globaler Hersteller von Lithium-Chemikalien stärken und ihre operationellen Fähigkeiten verbessern wird. Der Abschluss der Transaktion wird für Mitte 2025 erwartet, vorbehaltlich der verbleibenden regulatorischen Genehmigungen und Abschlussbedingungen.
- Secured shareholder approval for Rio Tinto acquisition
- Obtained merger control clearance in five major markets
- Received UK investment screening approval
- Extended closing timeline until mid-2025
- Still pending additional regulatory approvals
Insights
The shareholder approval for Rio Tinto's acquisition of Arcadium Lithium represents a significant milestone in consolidating the global lithium supply chain. The transaction has already secured key regulatory clearances from major jurisdictions including the US, China and Australia, substantially reducing execution risk. Rio Tinto's acquisition, valued at approximately
The merger combines Arcadium's specialized lithium expertise with Rio Tinto's extensive operational capabilities and financial resources. This vertical integration allows Rio Tinto to capture more value across the battery metals supply chain, particularly important as EV adoption accelerates globally. The deal's structure suggests a
This merger approval marks a pivotal shift in the lithium industry's competitive landscape. Rio Tinto's entry through Arcadium significantly alters market dynamics, creating a more concentrated supplier base. The combined entity will control substantial lithium resources across multiple geographies, enhancing supply chain resilience and pricing power.
The timing is strategic, coinciding with growing concerns about lithium supply security and increasing government focus on critical minerals. The regulatory clearances from key markets, particularly China - the world's largest lithium processor - indicate broad acceptance of this market consolidation. This positions the combined entity to better serve the anticipated surge in lithium demand, projected to grow
The regulatory progress is particularly noteworthy, with clearances already secured in major jurisdictions that typically present the highest scrutiny for mining sector M&A. The remaining approvals appear procedural rather than presenting material risks to deal completion. The mid-2025 closing timeline provides adequate buffer for remaining regulatory reviews while maintaining transaction momentum.
The shareholder approval and regulatory clearances demonstrate effective deal structuring that addresses both antitrust and national security considerations. This is especially relevant given lithium's classification as a critical mineral in several jurisdictions and the increasing government scrutiny of battery supply chain transactions.
"Today's vote of support by our shareholders confirms our shared belief that with Rio Tinto, we will be a stronger global leader in lithium chemicals production. Together, we enhance our capabilities to successfully develop and operate our assets while supporting the clean energy transition. We are confident that this transaction will provide future benefit to our customers, employees and the communities in which we operate, and I am excited by the path ahead," said Paul Graves, president and chief executive officer of Arcadium Lithium.
The final voting results of Arcadium Lithium's special meetings will be filed with the Securities and Exchange Commission in a Form 8-K and will also be available at https://ir.arcadiumlithium.com.
Regulatory Update
As of this release, merger control clearance has been satisfied or waived in
The proposed transaction is still expected to close in mid-2025, subject to the receipt of remaining regulatory approvals and other closing conditions.
Arcadium Lithium Contacts
Investors:
Daniel Rosen +1 215 299 6208
daniel.rosen@arcadiumlithium.com
Phoebe Lee +61 413 557 780
phoebe.lee@arcadiumlithium.com
Media:
Karen Vizental +54 9 114 414 4702
karen.vizental@arcadiumlithium.com
About Arcadium Lithium
Arcadium Lithium is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people's lives and accelerate the transition to a clean energy future. We collaborate with our customers to drive innovation and power a more sustainable world in which lithium enables exciting possibilities for renewable energy, electric transportation and modern life. Arcadium Lithium is vertically integrated, with industry-leading capabilities across lithium extraction processes, including hard-rock mining, conventional brine extraction and direct lithium extraction (DLE), and in lithium chemicals manufacturing for high performance applications. We have operations around the world, with facilities and projects in
Important Information and Legal Disclaimer:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements in this news release are forward-looking statements. In some cases, we have identified forward-looking statements by such words or phrases as "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words and phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for Arcadium Lithium based on currently available information. There are important factors that could cause Arcadium Lithium's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the completion of the transaction on anticipated terms and timing, including obtaining required regulatory approvals, and the satisfaction of other conditions to the completion of the transaction; potential litigation relating to the transaction that could be instituted by or against Arcadium Lithium or its affiliates, directors or officers, including the effects of any outcomes related thereto; the risk that disruptions from the transaction will harm Arcadium Lithium's business, including current plans and operations; the ability of Arcadium Lithium to retain and hire key personnel; potential adverse reactions or changes to business or governmental relationships resulting from the announcement or completion of the transaction; certain restrictions during the pendency of the transaction that may impact Arcadium Lithium's ability to pursue certain business opportunities or strategic transactions; significant transaction costs associated with the transaction; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction, including in circumstances requiring Arcadium Lithium to pay a termination fee or other expenses; competitive responses to the transaction; the supply and demand in the market for our products as well as pricing for lithium and high-performance lithium compounds; our ability to realize the anticipated benefits of the integration of the businesses of Livent and Allkem or of any future acquisitions; our ability to acquire or develop additional reserves that are economically viable; the existence, availability and profitability of mineral resources and mineral and ore reserves; the success of our production expansion efforts, research and development efforts and the development of our facilities; our ability to retain existing customers; the competition that we face in our business; the development and adoption of new battery technologies; additional funding or capital that may be required for our operations and expansion plans; political, financial and operational risks that our lithium extraction and production operations, particularly in
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SOURCE Arcadium Lithium PLC
FAQ
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