..US$2.7Billion of synergies required to make this acquisition worthwhile for the value they paid.
..now it seems Rio Tinto is mulling a CR to raise the cash to pay for the acquisition.
..as I mentioned before, big cap company management had to do (and show to do) something to generate growth during their tenure, so often they end up making unworthy overpriced acquisitions.
..good for Arcadium but time will probably show that Rio venturing into lithium may be a A$10Bil mistake.
..BHP elected not to go with lithium but copper, I am with BHP on this one.
