Livent CEO Paul Graves will take the top job at the newly minted Arcadium Lithium, if Allkem shareholders vote for the deal on Dec. 19.
Merging the two companies would create the world's third-largest lithium producer by volume with assets spanning Australia, Canada and Argentina.
Graves has said that one of his first priorities would be expanding Arcadium's footprint in Western Australia's world-class lithium districts.
Under the deal, Allkem shareholders will get one share in the combined entity for each of their shares and the company will ultimately own 56% of the new firm.
Livent shareholders will get 2.406 shares in the new firm, which will be called Arcadium Lithium, for each existing share.
Persons:
Arcadium, Paul Graves, Kroll, Chile's, Graves, Albemarle, Livent Corp, Livent, Allkem, Scott Murdoch, Melanie Burton, Robert Birsel
Organizations:
JV, SYDNEY, Albemarle Corp, Liontown Resources, Hancock, Livent, FMC Corp, Galaxy Resources, Thomson
Locations:
Australia, U.S, Canada, Argentina, Western Australia, Sydney, Melbourne