Arcadium Lithium shares are trading higher after Rio Tinto announced they are in talks to acquire the company for $4 to $6 billion or higher.
Portfolio Pulse from Benzinga Newsdesk
Arcadium Lithium shares surged following Rio Tinto's announcement of acquisition talks, valuing Arcadium between $4 to $6 billion or more.
October 04, 2024 | 8:18 pm
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Rio Tinto is in discussions to acquire Arcadium Lithium, potentially for $4 to $6 billion or more, which could expand its lithium portfolio.
The acquisition talks suggest a strategic move by Rio Tinto to enhance its lithium portfolio, which is likely to be viewed positively by investors, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80