In today’s briefing:
- Allkem/Livent Merger: 19th December Shareholder Vote
Allkem/Livent Merger: 19th December Shareholder Vote
- On the 10th May, Aussie lithium miner Allkem Ltd (AKE AU) inked a $US10bn+ “merger of equals” with Livent (LTHM US), ostensibly forming the world’s fifth largest lithium producer.
- Allkem’s Scheme Meeting is the 19 December, with implementation expected on the 4 January. The IE is supportive and Allkem’s board unanimously recommends the transaction.
- This looks done. Buy Livent. And get borrow on Livent to be able to short it into the inclusion or in the days following.
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