Lithium Americas Shareholders Approve Plan To Separate Into Two Lithium Companies
Portfolio Pulse from Benzinga Newsdesk
Lithium Americas shareholders have approved a plan to split the company into two separate lithium entities. The separation, which was approved by 98.85% of votes, is expected to become effective in early October 2023.
July 31, 2023 | 9:49 pm
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Lithium Americas Corp. (LAC) shareholders have approved a plan to split the company into two separate entities. The split is expected to be effective in early October 2023.
The news of a company split usually has a neutral to positive impact on the stock price in the short term as it can potentially unlock shareholder value. However, the actual impact will depend on the details of the split, which are not provided in the news. Therefore, the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100