Why Livent Stock Zoomed This Week
Livent (NYSE: LTHM) stock was already on a roll after it announced bumper numbers earlier this month. Livent is now merging with another lithium company, and the combined entity will be worth $10 billion and own one of the world's largest lithium deposit bases, positioning itself as a leading battery-grade lithium supplier.
The merger announcement, coupled with a rebound in lithium prices, sent shares of Livent higher this week: The lithium stock had clocked 11.7% gains at its highest point during the week as of 10 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.
On May 10, Livent announced that it'll merge with Allkem to create a "leading global lithium chemicals producer." After the all-stock deal closes by the end of this year, Allkem will own a 56% stake, and Livent will own the remaining in the combined company, referred to as NewCo for now.
Source Fool.com
Allkem Ltd. Aktie
Die Allkem Ltd. Aktie wartet noch auf mehr Einschätzungen für eine klare Richtung.
Das Community-Kursziel von 6 € für Allkem Ltd. deutet auf ein leicht positives Wachstumspotenzial gegenüber 5.64 € hin.
