(Reuters) -- Rio Tinto said on Wednesday it will acquire Arcadium Lithium in an all-cash transaction, valued at $6.7 billion, in a deal that will make it the world's third-largest lithium producer.
Rio Tinto will acquire the United States-based lithium producer for $5.85 per share, it said. The deal represents a 90% premium to Arcadium's closing price of $3.08 per share on Oct. 4, the day Reuters exclusively reported on a potential deal between the two firms.
