16:28:04 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Allkem Ltd
Symbol AKE
Shares Issued 637,525,586
Close 2023-12-19 C$ 9.65
Market Cap C$ 6,152,121,905
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Allkem, Livent obtain shareholder approvals for merger

2023-12-19 16:16 ET - News Release

Mr. Paul Graves reports

LIVENT AND ALLKEM SHAREHOLDERS APPROVE MERGER OF EQUALS

Livent Corp. and Allkem Ltd. have obtained all requisite shareholder approvals necessary to complete the merger of equals transaction previously announced on May 10, 2023. The two companies expect to close the merger on Jan. 4, 2024, and begin operating under the name Arcadium Lithium PLC.

"The strong support of Livent and Allkem shareholders for this transformational merger is a testament to the compelling value proposition of Arcadium Lithium," said Paul Graves, president and chief executive officer of Livent and future chief executive officer of Arcadium Lithium. "We look forward to closing the merger and pursuing the opportunities to create greater long-term, sustainable value for all of our stakeholders."

The final voting results on all proposals voted on at Livent's special meeting will be filed with the SEC in a Form 8-K and will also be available at the Livent website.

About Livent Corp.

For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy and specialized innovations, including light alloys and lubricants. Livent has a combined workforce of approximately 1,350 full-time, part-time, temporary and contract employees, and operates manufacturing sites in the United States, England, China and Argentina.

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