(Adds details on the deal in paragraph 2-5)
Sept 4 (Reuters) - Australia's Liontown Resources (LTR) said on Monday it recommended a revised takeover offer from Albemarle Corp ALB.N valuing the company at A$6.6 billion ($4.26 billion).
The new offer price is A$3 per share, higher than A$2.50 the company received in March.
Liontown's board determined that it will grant Albermarle, the world's biggest lithium producer, a limited period of exclusive due diligence, the company said.
Liontown had previously knocked back an approach from Albemarle that valued the lithium developer at A$5.50 billion.
Of Liontown's two prior proposals from Albemarle, the first offer of A$2.20 per share was on Oct. 20 last year, and the second of A$2.35 was earlier in March.
($1 = 1.5504 Australian dollars)
News: LTR UPDATE 1-Liontown gets sweetened $4.3 bln buyout offer from Albemarle
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |