Allkem and Livent complete all-stock merger, forming Arcadium Lithium valued at $10.6 billion.

Lithium chemicals companies Allkem and Livent have closed their all-stock merger to form Arcadium Lithium, a new lithium chemicals producer valued at $10.6bn. The merger, which received all necessary shareholder approvals, created a new global integrated lithium chemical producer. The shareholders of both Allkm and Livent are expected to hold stakes of around 56% and 44%, respectively. The enlarged company, with a global workforce of over 2,600 employees, achieved approximately $1.9bn in combined total revenue in 2022 and is said to be one of the world’s largest integrated producers of lithium chemicals. Arcadium lithiumium’s ordinary shares have started trading on the New York Stock Exchange (NYSE) and Australian Securities Exchange (ASX).