Chinaâ€™s Chengdu Tianqi Industry Group (Tianqi; Tianqi, China) has reached an agreement with Talison Lithium (Perth, Australia) to purchase Talison for C$847 million ($855 million), or C$7.50/share. The agreement has the support of Talisonâ€™s board of directors, which has determined the proposal is superior to Rockwoodâ€™s C$724-million offer, which was agreed to in August. The agreed-upon offer from Tianqi is 15% higher than Rockwoodâ€™s C$6.50/share bid, and 77% higher than Talisonâ€™s closing price on 22 August, the day before the deal with Rockwood was...
Access is for Chemweek 24/7 PLUS Members ONLY
This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information.
Forgot your user ID or password? Click here to have it sent to you.