Livent and Allkem Shareholders Approve Merger of Equals
On January 4, 2024, Livent Corporation (NYSE:LTHM) and Allkem Limited (ASX|TSX: AKE) will officially merge and begin operating under the name Arcadium Lithium plc (NYSE:ALTM) (ASX: LTM). The merger, which was announced on May 10, 2023, has received all necessary shareholder approvals.
The strong support from Livent and Allkem shareholders for this transformational merger is a testament to the compelling value proposition of Arcadium Lithium. According to Paul Graves, President and CEO of Livent and future Chief Executive Officer of Arcadium Lithium, the company looks forward to closing the merger and pursuing opportunities to create long-term, sustainable value for all stakeholders.
Livent has been a trusted partner for nearly eight decades, providing high-quality finished lithium compounds to power the world in a safe and sustainable manner. With a broad product portfolio and a global workforce of approximately 1,350 employees, Livent is well-positioned to meet the growing demand for lithium in various industries, including green energy, modern mobility, and specialized innovations.
The merger of Livent and Allkem will further strengthen Arcadium Lithium’s position in the market and allow for continued growth and innovation. It is important to note that Livent cannot guarantee future results, and there are potential risks and uncertainties that could impact the company’s performance. Livent is committed to providing accurate and transparent information to its stakeholders and will continue to comply with all SEC regulations.
The Livent and Allkem merger has been approved by shareholders and is set to take place on January 4, 2024.
