PHILADELPHIA, Dec. 19,
2023 /PRNewswire/ -- Livent Corporation (NYSE: LTHM,
"Livent") and Allkem Limited (ASX|TSX: AKE, "Allkem") announced
that they 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 January 4, 2024 and begin operating under the
name Arcadium Lithium plc (NYSE:ALTM) (ASX:LTM).
"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 CEO 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 https://ir.livent.com.
About Livent
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. For more information,
visit Livent.com.
Important Information and Legal Disclaimer:
Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Certain statements in this news release are
forward-looking statements. In some cases, we have identified
forward-looking statements by such words or phrases as "will likely
result," "is confident that," "expect," "expects," "should,"
"could," "may," "will continue to," "believe," "believes,"
"anticipates," "predicts," "forecasts," "estimates," "projects,"
"potential," "intends" or similar expressions identifying
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including the negative of
those words and phrases. Such forward-looking statements are based
on our current views and assumptions regarding future events,
future business conditions and the outlook for the Company based on
currently available information. There are important factors that
could cause Livent's actual results, level of activity, performance
or achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied by the
forward-looking statements, including the factors described under
the caption entitled "Risk Factors" in Livent's 2022 Form 10-K
filed with the Securities and Exchange Commission ("SEC") on
February 24, 2023, as well as other
SEC filings and public communications. Although Livent believes the
expectations reflected in the forward-looking statements are
reasonable, Livent cannot guarantee future results, level of
activity, performance or achievements. Moreover, neither Livent nor
any other person assumes responsibility for the accuracy and
completeness of any of these forward-looking statements. Livent is
under no duty to update any of these forward-looking statements
after the date of this news release to conform its prior statements
to actual results or revised expectations.
Media contact: Juan Carlos
Cruz +1.215.299.6725
juan.carlos.cruz@livent.com
Investor contact: Daniel
Rosen +1.215.299.6208
daniel.rosen@livent.com
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SOURCE Livent Corporation
