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    Home > Finance > Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal
    Finance

    Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal

    Published by Global Banking & Finance Review®

    Posted on December 23, 2024

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    Arcadium Lithium shareholders have approved a $6.7 billion sale to Rio Tinto, making it the third-largest lithium miner. The deal faces legal challenges but includes significant global assets and customers.

    Arcadium Lithium Shareholders Approve $6.7 Billion Sale to Rio Tinto

    (Reuters) - Arcadium Lithium said on Monday its shareholders have voted in favor of a $6.7 billion sale to Australian mining giant Rio Tinto.

    Shares of Arcadium Lithium rose more than 2% in extended trading.

    The deal, expected to close in mid-2025, will catapult Rio Tinto to the world's third-largest lithium miner position, just behind Albemarle and SQM.

    Arcadium is facing legal hurdles, as some shareholders have filed lawsuits against it alleging misrepresentation, concealment and negligence regarding the takeover deal, the company revealed in a regulatory filing earlier this month.

    Earlier this year, Rio Tinto said it would pay $5.85 per share in cash for Arcadium, nearly a 90% premium to the stock's closing price on Oct. 4, the day Reuters exclusively reported a potential deal.

    The Australian miner will gain access to Arcadium's lithium mines, processing facilities and deposits in Argentina, Australia, Canada and the United States as well as customers including Tesla, BMW and General Motors.

    (Reporting by Vallari Srivastava and Pooja Menon in Bengaluru; Editing by Tasim Zahid, Vijay Kishore and Shinjini Ganguli)

    Key Takeaways

    • •Arcadium Lithium shareholders approve $6.7 billion sale to Rio Tinto.
    • •The deal will make Rio Tinto the third-largest lithium miner globally.
    • •Arcadium faces legal challenges from some shareholders.
    • •Rio Tinto gains access to Arcadium's global lithium assets.
    • •The acquisition includes key customers like Tesla and BMW.

    Frequently Asked Questions about Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal

    1What is the main topic?

    The main topic is the approval of Arcadium Lithium's $6.7 billion sale to Rio Tinto by its shareholders.

    2What are the legal challenges mentioned?

    Some shareholders have filed lawsuits against Arcadium alleging misrepresentation and negligence regarding the deal.

    3What assets will Rio Tinto gain?

    Rio Tinto will acquire Arcadium's lithium mines, processing facilities, and deposits in several countries.

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