BRISBANE, Australia, Dec. 21, 2023 (GLOBE NEWSWIRE) — Allkem Limited (ASX and TSX: AKE, “Allkem”) refers to the proposed merger of equals between Allkem and Livent Corporation (“Livent”), (“Transaction”).
Allkem is pleased to announce that it has today lodged with the Australian Securities and Investments Commission a copy of the orders of the Federal Court of Australia (“Orders”) approving the scheme of arrangement pursuant to which Arcadium Lithium plc (“Arcadium Lithium”) will acquire 100% of the shares in Allkem (“Scheme”) in connection with Transaction.
As a result, the Scheme is now legally effective.
Suspension of trading
It is expected that Allkem shares will be suspended from trading:
- on ASX, at the close of trading (AEDT) today (21 December 2023); and
- on TSX, at 4:00 pm (Toronto time) on 21 December 2023.
Eligibility to receive Scheme Consideration
On implementation of the Scheme, Allkem shareholders…
