Lithium Rush Heats Up With SQM’s $1 Billion Australia Buy. Azure’s board will back the new binding bid from SQM, which increased its cash offer by 52% to A$3.52 per share, the Australian producer said Thursday. That’s a 44% premium over Azure’s closing price on Oct. 20, and follows a previously rejected non-binding offer of A$2.31 made in August.
SQM, the world’s second-biggest lithium producer and Chile’s largest, recently batted off price concerns and reiterated an upbeat view for electric-vehicle sales growth — but investors are eyeing a looming wave of consolidation as lower valuations create a new slew of potential takeover targets.
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Mentioned the other day nothing but consolidation going on & don't be fooled by headlines of sky is falling
Govt mandates & penalties, are not reversing. Everything electrified is here to stay
https://www.yahoo.com/finance/news/lithium-rush-heats-sqm-1-012514852.html