Australia's Atlantic Lithium rises on $210 million buyout deal
07/05/2026 03:09
** Shares of Atlantic Lithium A11.AX rise as much as 16.1% to A$0.325, heading for their best day since March 18 ** Lithium-focused exploration and development firm enters deal for China's Zhejiang Huayou 603799.SS to buy shares in A11 for $0.25486 per share ** Deal values Atlantic Lithium at $210 million ** A11 says issue price is at 26.6% premium to its last close ** A11 stock up over 45% this year, including the day's move (Reporting by Rajasik Mukherjee in Bengaluru) ((Rajasik.Mukherjee@thomsonreuters.com))
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Australia's Atlantic Lithium rises on $210 million buyout deal