By Chris Wack
Arcadium Lithium shares were up 9% to $5.73 after the company said the Committee on Foreign Investment in the U.S. concluded its review of the proposed acquisition of Arcadium Lithium by Rio Tinto and determined that there are no unresolved national security concerns.
The lithium chemicals producer said that merger control clearance has so far been satisfied or waived in Australia, Canada, China, Japan, South Korea, the U.K. and the U.S.
The transaction remains subject to investment screening approvals in Australia, Canada and Italy, as well as other customary closing conditions.
In October, Rio Tinto said it would pay $5.85 a share in cash to acquire the lithium producer, a deal valued at $6.7 billion.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 08, 2025 10:25 ET (15:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。