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Why did Allkem Limited receive Foreign Investment Review Board Approval? — ASX:AKE| ASX Mining News & Discussion
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Lykeshares Official
$AKE Why did Allkem Limited receive Foreign Investment Review Board Approval?
Allkem Limited, an Australian-based producer of pure metals, has announced that the planned merger between itself and Livent Corporation, which will result in the creation of a new holding company, Arcadium Lithium plc (NewCo), has received Australian Foreign Investment Review Board (FIRB) approval. This represents a major milestone in the completion of the merger which is expected to result in significant consequences in the lithium market worldwide.

Approval Received from Competitors and Investors

Allkem, Livent, and NewCo have already received approval from antitrust/competition authorities in Canada, China, Japan, South Korea, and the U.S., as well as foreign investment approvals screening in Australia, the U.K. and the U.S. This marks the full clearance of competition and foreign investment applications required before the merger's completion.

Further Approval Required for Closing of Transaction

Allkem and Livent are expecting the final merger to take place on 4 January 2024, but require several other closing conditions to be fulfilled ...
Why did Allkem Limited receive Foreign Investment Review Board Approval?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?