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Rio Tinto’s $10.7b lithium takeover wins shareholder approval

Peter Ker
Peter KerResources reporter
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Rio Tinto is a step closer to completing a $US6.7 billion ($10.7 billion) takeover of Arcadium Lithium after shareholders in the target voted to accept the cash offer.

Close to 98 per cent of votes cast at Tuesday morning’s meeting of Arcadium shareholders supported the proposal for Rio to pay $US5.85 for each share in the lithium producer.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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    Original URL: https://www.afr.com/companies/mining/rio-tinto-s-10-7b-lithium-takeover-wins-shareholder-approval-20241224-p5l0hm