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Millennial battle heats up as Lithium Americas enters the fray

Lithium Americas has made an unsolicited US$400 million largely stock offer to buy Millennial Lithium, with its C$4.70 per share offer providing a 22.1% premium over the $3.85 per share cash offer of $377 million made by Contemporary Amperex Technology (CATL) in late September.

Millennial battle heats up as Lithium Americas enters the fray Millennial battle heats up as Lithium Americas enters the fray Millennial battle heats up as Lithium Americas enters the fray Millennial battle heats up as Lithium Americas enters the fray Millennial battle heats up as Lithium Americas enters the fray

Lithium Americas' Cauchari-Olaroz project in Jujuy, Argentina

Although Millennial entered into a definitive agreement with CATL, its board determined the Lithium Americas a superior proposal giving CATL 10 days to match it.