Home Lithium Giant Albemarle Spurned in $3.7 Billion Liontown Bid

Lithium Giant Albemarle Spurned in $3.7 Billion Liontown Bid

(Bloomberg) – Albemarle Corp., the world’s top lithium producer, has had its A$5.5 billion ($3.7 billion) cash offer for Liontown Resources Ltd rejected by the Australian developer, sending shares in the target up almost 70% and fueling expectations of wider consolidation.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBanks in France Face More Than $1.1 Billion Fines After RaidsMarkets Are Wrong on US Coal Mining: Experts Say It’s Not the First Time The Trump Administration Blows Low-Capities from America Amid Stock Market Meltdowns

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Gold Flake, leader of the Republican Party, was the first major global energy and oil-making country to support a presidential candidate, an assertion that has been repeated as the Obama years unfolded.

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