Post by
HopeIBoughtLow on Oct 16, 2023 1:07am
Albemarle and Liontown. Cancel the wedding!
https://finance.yahoo.com/news/lithium-giant-albemarle-abandons-4-230027694.html
That is an interesting thing for sure. Maybe the deal was not perceived sweet enough anymore. Phones will be lighting up for alternative partners/targets I imagine.
Comment by
Wheeler on Oct 16, 2023 7:23am
Maybe they noticed a better deal in James Baie.
Comment by
tinker901 on Oct 16, 2023 8:18am
They did drop 100 million in Patriot's coffres
Comment by
JRVansant on Oct 16, 2023 11:17am
If you read the article it tells you that Gina Rhinehart, the australia's billionaire iron-ore heiress, built up a minority stake in Liontown, becoming the single largest shareholder, and blocked the deal.
Comment by
tiger2201 on Oct 16, 2023 1:10pm
ALB needs to get 75%, while Gina already has 20% and needs extra 5% to block the deal. So it's hard for ALB to get the 75%. tiger