Iron ore giant Rio Tinto has announced it will buy Arcadium Lithium for almost $10 billion in an all cash deal, while the Australian share market is set to follow Wall Street higher on Thursday. Follow live.
Iron ore giant Rio Tinto has announced it will buy Arcadium Lithium for almost $10 billion in an all cash deal, while the Australian share market is set to follow Wall Street higher on Thursday.
Follow the day's financial news and insights from our specialist business reporters on our live blog.All three of Wall Street's main indices ended higher when Wednesday trade wrapped up in New York earlier this morning.that showed a "substantial majority" of officials supported the 0.5 percentage point rate cut at its September meeting.annual inflation rate to come in at 2.3%open 0.
We'll circle back to those shortly, but let's start with big news that came after the ASX shut up shop yesterday.We'll get an idea of what investors make of the deal when the ASX opens a little later this morning — but for now, make yourself a coffee , and let's get this show on the road.
Dow Jones S&P 500 Nasdaq Tech Asx Stocks Stockmarket Shares Dollar Aud Sharemarket Australian Dollar Markets Nyse Bitcoin Business News Market News Markets Live Live Update Live Blog Live News Currency Commodities Finance Finance News
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RIO ASX: Mining giant Rio Tinto strikes $9.9b deal with Arcadium LithiumTakeover target Arcadium Lithium says Rio Tinto’s offer to pay a 90 per cent premium reflects “full and fair” value amid a lithium bear market.
Read more »
Rio Tinto to buy US lithium producer Arcadium in $6.7bn dealAcquisition by Anglo-Australian miner comes despite global headwinds in electric car market
Read more »
ALTM shares: Rio Tinto and Arcadium Lithium confirm takeover talksA bid would continue bold deal making at the big end of the mining sector, with BHP unsuccessfully trying to acquire Anglo American in May.
Read more »
Steer clear of Rio Tinto’s $5.8b bid, Arcadium shareholder urges boardRiordan and Teran aren’t trying to quash a potential takeover, but they say it has to be at the right price - and that Rio needs to be thinking around the $US8 billion mark.
Read more »
Rio Tinto bags its lithium prize in a hurryWith global lithium prices in a slump, mining giant Rio Tinto has wasted little time in buying US-based Arcadium Lithium for almost $10 billion.
Read more »
Rio Tinto bags its lithium prize in a hurryWith global lithium prices in a slump, mining giant Rio Tinto has wasted little time in buying US-based Arcadium Lithium for almost $10 billion.
Read more »