(Editors at Energy Analytics Institute, 23.Dec.2024) — Arcadium Lithium plc, a global lithium chemicals producer, obtained all requisite shareholder approvals in connection with the proposed acquisition by Rio Tinto announced on 9 Oct. 2024.
Arcadium said 23 Dec. 2024 in an official statement that all merger control clearance has been satisfied or waived in Australia, Canada, China, the UK and the US (Hart-Scott-Rodino Antitrust Improvements Act of 1976). Additionally, investment screening approval has been satisfied in the UK, the company said.
The proposed transaction is slated to close in mid-2025, subject to the receipt of remaining regulatory approvals and other closing conditions.
“We are confident that this transaction will provide future benefit to our customers, employees and the communities in which we operate,” Arcadium Lithium president and CEO Paul Graves said in the statement.
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