Foreign Investment Review Board Approval Received
November 14 2023 - 4:20PM
Allkem Limited (ASX: AKE, “
Allkem” or the
“
Company”) is pleased to announce that Arcadium
Lithium plc (“
NewCo”), the new holding company of
the combined group that will result from the proposed merger of
Allkem and Livent Corporation (
Livent)
(
Transaction), has received Australian Foreign
Investment Review Board (“
FIRB”) approval
(“
FIRB Approval”).
Allkem, Livent and NewCo have now received
antitrust/competition approvals in Canada, China, Japan, South
Korea and the U.S., as well as foreign investment
approvals/completion of investment screenings in Australia, the
U.K. and the U.S. This represents all competition and foreign
investment approvals that are expected to be required prior to
completion1.
Allkem and Livent are targeting closing of the
Transaction on 4 January 2024. The closing of the Transaction
remains subject to the satisfaction or waiver of other closing
conditions, including approval by both Livent and Allkem
shareholders and Australian Court approval of the Scheme.
This release was authorised by Mr Martin Perez de
Solay, Managing Director and Chief Executive Officer of Allkem
Limited.
|
|
|
|
|
Allkem
LimitedABN 31 112 589 910 Level 35, 71 Eagle StBrisbane,
QLD 4000 |
Investor Relations & Media EnquiriesAndrew
Barber M: +61 418 783 701 E:
Andrew.Barber@allkem.coPhoebe LeeP: +61 7 3064
3600 E: Phoebe.Lee@allkem.co |
Connectinfo@allkem.co+61 7 3064
3600www.allkem.co |
|
|
|
|
IMPORTANT NOTICES
Not for
release or distribution
in the United States
This announcement has been prepared for
publication in Australia and may not be released to U.S. wire
services or distributed in the United States. This announcement
does not constitute an offer to sell, or a solicitation of an offer
to buy, securities in the United States or any other jurisdiction,
and neither this announcement or anything attached to this
announcement shall form the basis of any contract or commitment.
Any securities described in this announcement have not been, and
will not be, registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United States except in
transactions registered under the U.S. Securities Act of 1933 or
exempt from, or not subject to, the registration of the U.S.
Securities Act of 1933 and applicable U.S. state securities
laws.
1 Note that pursuant to the Argentinian Merger Control
Regulations, Arcadium Lithium plc will be required to notify the
Argentinian Antitrust Authority of the Transaction, and seek its
approval, no later than one week after the Transaction is
implemented. Implementation of the Transaction is not conditional
upon or otherwise subject to the parties obtaining the approval of
the Argentinian Antitrust Authority.
Alikem (TSX:AKE)
Historical Stock Chart
From Apr 2024 to May 2024
Alikem (TSX:AKE)
Historical Stock Chart
From May 2023 to May 2024