Albemarle plans to acquire Australian lithium miner Liontown

United States-based lithium producer Albemarle has submitted a non-binding proposal to acquire all outstanding shares of Australian lithium miner Liontown for A$3.00 ($1.92) in cash per share, the former said last Sunday September 3.

Should Albemarle’s proposal becomes binding at that price, the Liontown board intends to unanimously recommend that shareholders vote in favor of it, in the absence of a superior one and...