Arcadium Lithium Receives CFIUS Clearance for Proposed Acquisition by Rio Tinto
PHILADELPHIA and PERTH, Australia, Jan. 8, 2025 /PRNewswire/ — Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, “Arcadium Lithium”), a leading global lithium chemicals producer, announced that the Committee on Foreign Investment in the United States (CFIUS) has concluded its review of the proposed acquisition of Arcadium Lithium by Rio Tinto (previously announced on October 9, 2024) and determined that there are no unresolved national security concerns.
As of this release, merger control clearance has been satisfied or waived in Australia, Canada, China, Japan, South Korea, the United Kingdom and the United States (Hart-Scott-Rodino Antitrust Improvements Act of 1976). Additionally, investment screening approval has been satisfied in the United Kingdom.
The transaction remains subject to investment screening approvals in Australia, Canada and Italy, as well as other customary closing conditions.
Arcadium Lithium expects the proposed transaction to close before mid-2025.
For more information, please visit: https://ir.arcadiumlithium.com.
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Arcadium Lithium Receives CFIUS Clearance for Proposed Acquisition by Rio Tinto, source
