Allkem and Livent combine in an all-stock merger of equals to create a leading global integrated lithium chemicals producer valued at US$10.6 billion

On May 10, 2023, Allkem Ltd. and Livent Corporation announced they had signed a definitive agreement to combine in an all-stock merger of equals to create a leading global integrated lithium chemicals producer valued at US$10.6 billion. The transaction closed on January 4, 2024, creating one of the world’s largest integrated lithium chemical producers, operating under the name “Arcadium Lithium plc.”, with common shares trading on the New York Stock Exchange and the Australian Securities Exchange.

A Fasken team comprised of Frank Mariage, Monica Dingle, Vincent Maltais (Corporate and Capital Markets), and Emilie Bundock and Marie-Pierre Boudreau (Environment) advised Allkem with regard to Canadian securities law and regulatory aspects of the definitive agreement and the due diligence of Livent’s Quebec subsidiary, Nemaska Lithium Inc.