Investors sue US lithium miner over Rio Tinto’s $6.7b takeover
Elouise FowlerReporter
Three disgruntled shareholders in a New York-listed lithium miner being sold to Rio Tinto have sued the US company and its board, accusing them of negligently leaving money on the table in the $US6.7 billion ($9.9 billion) deal.
The lawsuits – filed in four separate US courts – allege Arcadium Lithium’s directors misled shareholders and failed in their fiduciary duty to maximise value, according to market filings.
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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
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