Senior executives at Allkem and Livent say investors are supportive of the $US10 billion ($16 billion) merger between the two mining groups despite increasing concerns that volatility in the lithium price is making the deal, struck in May, increasingly unattractive to the former’s shareholders.
Allkem managing director Martín Pérez de Solay and his Livent counterpart, Paul Graves, are in Australia to meet investors this week before a shareholder vote on the deal on December 19. There have been – so far limited, but growing – calls for the deal to be reconsidered, and it has been described by Jefferies analysts as a “cheap reverse acquisition of Allkem”.
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Brad Thompson was a reporter at The Australian Financial Review
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
