Lithium americas makes offer to acquire millennial lithium

Vancouver, british columbia, nov. 01, 2021 (globe newswire) -- lithium americas corp. (tsx: lac) (nyse: lac) ("lithium americas" or the "company") is pleased to announce that it has submitted an unconditional offer to millennial lithium corp. (“millennial”) to acquire all of the outstanding shares (each, a “common share”) of millennial (the “offer”). under the terms of the offer, on closing, each millennial shareholder (“millennial shareholder”) will receive c$4.70 per common share, payable in lithium americas common shares and c$0.001 in cash per common share (the “purchase price”), representing total consideration of approximately us$400 million. based on the company's closing price on october 29, 2021, this consideration would result in millennial shareholders owning approximately 9.9% of lithium americas.
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