Excuse my ignorance, but why does Arcadium continue to trade at a circa 12% discount to the Rio offer price which is almost certain to go through?
At current exchange rate the offer price would be around $9.40. Can’t imagine the AUD rocketing 12% in 6 months, with trump coming in.
https://au.finance.yahoo.com/news/arcadium-lithium-shareholders-approve-6-211434046.html, page-3
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