CATL acquiring Millennial Lithium for C$377M; beating Ganfeng Lithium offer

China-based battery-maker CATL will acquire Canada-based Millenial Lithium in an all-cash deal of approximately C$377 million (US$298 million) (C$3.85 per common share), after topping an earlier offer by Ganfeng Lithium of C$3.60/share. After receiving the CATL offer, Millennial notified Ganfeng that this proposal constituted a “Superior Proposal” in accordance with...

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