In today’s briefing:
- Rio Tinto/Arcadium: Home Straight After CFIUS Nod
Rio Tinto/Arcadium: Home Straight After CFIUS Nod
- Arcadium Lithium (LTM AU)‘s spread to Rio Tinto Ltd (RIO AU)‘s terms steadily increased subsequent to the US elections, ostensibly over Trump (Musk?) bluster, blowing out to 21% before Xmas.
- Overnight, the transaction received the go ahead from CFIUS. Shares popped ~8.2% on the news. The transaction remains subject to investment screening approvals in Australia, Canada and Italy.
- Unlike Greenland and the Panama Canal, the takeover of Arcadium should complete “before mid-2025”; possibly this quarter.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
