Arcadium Lithium plc has announced that, together with Rio Tinto, they have entered into a Transaction Agreement whereby all outstanding ordinary shares of Arcadium will be acquired by Rio Tinto BM Subsidiary Limited in return for a cash payment of $5.85 per share. This transaction is based on an established scheme of arrangement according to the Companies (Jersey) Law 1991. An associated press release has been made public. Further details about the transaction will be available in a forthcoming proxy statement, which will provide necessary information for the shareholders' decision process regarding the transaction. Additional details pertaining to the transaction's risks and uncertainties, as well as forward-looking statements, have been elaborated upon.
Proper Names/Entities Mentioned: - Arcadium Lithium plc - Rio Tinto - Rio Tinto Western Holdings Limited - Rio Tinto BM Subsidiary Limited - ASX Limited - United States Securities and Exchange Commission (SEC)