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Ganfeng outbid in Millennial takeover battle

Ganfeng Lithium has been outbid by an unnamed battery manufacturer in its attempt to acquire Argentina-focused Millennial Lithium.

Ganfeng outbid in Millennial takeover battle Ganfeng outbid in Millennial takeover battle Ganfeng outbid in Millennial takeover battle Ganfeng outbid in Millennial takeover battle Ganfeng outbid in Millennial takeover battle

Millennial Lithium's Pastos Grandes project in Salta province, Argentina

Millennial said it had received a "superior proposal" from a "foreign based lithium battery production company".

The proposal came in nearly 7% higher than Ganfeng's offer at C$377 million, or C$3.