in this issue
Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Talison Lithium accepts revised bid from Tianqi
7:22 AM MST | December 14, 2012 | —Vincent Valk
Chengdu Tianqi Industry Group (Tianqi; Chengdu, 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 deal has the support of Talison’s board of directors, which has determined that Tianqi’s proposal is superior to Rockwood’s C$724-million offer, which had been agreed to in August. The agreement with Tianqi will likely end Rockwood’s attempt to buy Talison. Tianqi’s offer is 15% higher than Rockwood’s C$6.50/share bid and 77% higher...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee