Albemarle announces proposal to acquire liontown

Proposal represents all-cash offer at a$2.50 or us$1.66 per share charlotte, n.c. , march 27, 2023 /prnewswire/ -- albemarle corporation (nyse: alb), a global leader in transforming lithium and bromine into essential ingredients for mobility, energy, connectivity and health, notes the announcement to the asx by liontown resources (asx: ltr) on march 28, 2023, and confirms that it submitted a non-binding proposal to acquire all outstanding shares of liontown by way of scheme of arrangement for a$2.50 or us$1.66 1 per share in cash, which values liontown at a$5.2 or us$3.4 billion on an enterprise basis.
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