Lithium miner Allkem rises on approval for $10.6 bln Livent merger

Allkem

28/09/2023 03:34

Sept 28 (Reuters) - Australian lithium major Allkem
 AKE.AX  said on Thursday that all competition and foreign
investment approvals needed for its planned $10.6 billion merger
with Livent Corp  LTHM.N  have been or are expected to be
received before completion. 
    Shares of the miner rose as much as 4.1% to A$11.785 as of
0227 GMT and was on track for its best day in nearly a week. 

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio
D'Souza)
 ((Rishav.Chatterjee@thomsonreuters.com;))