Lithium Americas Announces Details For Completion Of Separation
Portfolio Pulse from Benzinga Newsdesk
Lithium Americas Corp. (NYSE:LAC) has announced the completion of its separation into Lithium Americas (Argentina) Corp. and a new Lithium Americas Corp. The separation is expected to be completed on October 3, 2023. Shareholders will receive one share of each new company for every share held in the original company. Trading for the new shares under the ticker symbols 'LAAC WI' and 'LAC WI' will commence on the NYSE on October 2, 2023.
September 28, 2023 | 8:24 pm
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Lithium Americas Corp. is separating into two entities. Shareholders will receive one share of each new company for every share held. Trading for the new shares will commence on the NYSE on October 2, 2023.
The separation of Lithium Americas Corp. into two entities will likely have a neutral impact on the stock in the short term. While the separation could potentially create value for shareholders, it could also introduce uncertainty and risk. The impact will largely depend on the market's perception of the new entities and their potential for growth.
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