The board of Australian lithium producer Liontown Resources intends to recommend shareholders vote in favor of a new increased buy offer from Albemarle if the world’s largest lithium producer makes its latest revised indicative proposal a binding offer. Earlier this year, Albemarle submitted a non-binding proposal to acquire all outstanding shares of Liontown by way of scheme of arrangement for AUS$2.50, or US$1.661, per share in cash, which values Liontown at AUS$5.2 billion, or US$3.4 billion, on an enterprise basis. But Liontown Resources…
- connect@energyinternat.com
