Albemarle Corporation (NYSE:ALB) raised its bid to take over all the outstanding shares of Liontown Resources Ltd. (OTC:LINRF), a Perth, Australia-based company, for A$3.00 cash apiece.
The revised proposal values Liontown at A$6.6 billion or $4.32 billion on an equity value basis. The earlier proposal, made in March, valued Liontown at $3.4 billion on an enterprise basis (at A$2.50 per share).
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