Investing
Liontown gets sweetened $4.3 billion buyout offer from Albemarle
© Reuters. FILE PHOTO: A sign at the approach road leads to Albemarle’s lithium evaporation ponds at its facility in Silver Peak, Nevada, U.S., January 9, 2019. Picture taken January 9, 2019. REUTERS/Ernest Scheyder/File Photo
(Reuters) – Australia’s Liontown Resources said on Monday it recommended a revised takeover offer from U.S.-based Albemarle (NYSE:) Corp valuing the company at A$6.6 billion ($4.26 billion).
The new offer price is A$3 per share, higher than A$2.5 the company received in March.
($1 = 1.5504 Australian dollars)
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