IHS Chemical Week

Talison accepts Tianqi bid

12:21 PM MST | December 7, 2012

China’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 Talison’s board of directors, which has determined the proposal is superior to Rockwood’s C$724-million offer, which was agreed to in August. The agreed-upon offer from Tianqi is 15% higher than Rockwood’s C$6.50/share bid, and 77% higher than Talison’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. 

Username:
Password:

Forgot your user ID or password? Click here to have it sent to you.













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa