Rio Tinto agrees to buy Arcadium Lithium for $6.7bn
Rio offered $5.85 a share in cash, a 90% premium to Arcadium’s price before the approach was reported. The deal closed in March 2025.
Why it matters. Buying at the bottom of a price cycle can justify a premium that looks high against the market price.
- Source
- Rio Tinto (ASX)
- In the course
- Module 9: The M&A process