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Why has Liontown Resources received a revised proposal from Albemarle Corporation? — ASX:LTR| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$LTR
Why has Liontown Resources received a revised proposal from Albemarle Corporation?
Liontown Resources Limited has received a revised conditional and non-binding indicative proposal from Albemarle Corporation to acquire all of its outstanding ordinary shares. The proposal suggests a cash offer of $3.00 per share through a scheme of arrangement.
Is this the final proposal from Albemarle?
Albemarle has stated that the revised indicative proposal is its best and final offer, unless a better proposal is presented. However, there are several conditions that need to be met before the proposal becomes binding. These include Albemarle's satisfaction with due diligence, the unanimous recommendation of the Liontown Board, and the agreement on mutually acceptable scheme implementation deed.
What is Liontown's response to the revised proposal?
After careful consideration of the revised indicative proposal, the Liontown Board has decided to grant Albemarle a limited period of exclusive due diligence. During this period, Albemarle will have the opportunity to provide a binding proposal, subject to the agreement of a mutually
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acceptable non-disclosure and exclusivity agreement. If a binding proposal is made at $3.00 per share and a binding scheme implementation agreement is agreed upon, the Liontown Board intends to recommend that shareholders vote in favor of the proposal, as long as there is no superior offer.
What happens next?
It is important to note that there is no guarantee that the revised indicative proposal will progress to a binding offer. The Liontown Board will keep shareholders and the market informed of further developments as they arise. Shareholders are not required to take any action at this point.
Who is advising Liontown in relation to the revised proposal?
Greenhill & Co. and UBS are acting as financial advisers, while Allens is serving as the legal adviser to Liontown regarding the revised indicative proposal.
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L
Lykeshares
134d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
134d
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
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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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L
Lykeshares
165d
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
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
322 Views
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
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...
295 Views
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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