Allkem shareholders will receive one share in the new company for each Allkem share held.
The enlarged group will be headquartered in North America with a name yet to be decided.
It will have capacity to churn out 248,000 tonnes a year of lithium carbonate equivalent.
Peter Coleman will become chairman of the world’s third-largest lithium producer once the $15.7 billion merger of New York-listed Livent and Australia’s Allkem is completed this year.
But when the former Woodside Petroleum boss joined Allkem – an ASX lithium giant in its own right created by the combination of Orocobre and Galaxy Resources – seven months ago, long-running merger talks with Livent had drifted away.
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Brad Thompson was a reporter at The Australian Financial Review
