LTR News: Albemarle (ALB) Withdraws Offer to Acquire Liontown Resources - 17th Oct 2023, 1:35am

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Albemarle Corporation ALB declared its decision to forgo the pursuit of a binding agreement to acquire Liontown Resources Limited. The company has officially withdrawn its non-binding offer, which had been extended to Liontown's board of directors.

This move follows the culmination of Albemarle's exclusive due diligence process. Kent Masters, the CEO of Albemarle, expressed gratitude for the productive collaboration with the Liontown team, acknowledging their efforts in the engagement. The comp...

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