bullish
What does Rio’s brine bet mean for spod?
SUMMARY
- Rio Tinto recommended a price of $5.85 on the US stock and $8.60 on the CDIs, totaling about AU$10 billion or US$6.7 billion, with a 90% premium to the undisturbed price
- The deal is all cash and is expected to close in mid-2025, pending various approvals including shareholder and board approval
- Rio Tinto's acquisition of Arcadium is seen as a countercyclical move, paying for optionality and long-term potential rather than immediate returns, reflecting a shift in their M&A strategy.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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