Arcadium Lithium Plc Chess Depositary Interests Repr 1 Sh (AU:LTM) has released an update.
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Arcadium Lithium Plc has strengthened its financial position by guaranteeing Livent Corporation’s obligations under a new agreement. This move involves Livent’s 4.125% Convertible Senior Notes due 2025, where Livent will deliver Arcadium’s ordinary shares and cash for any conversion of notes. This strategic alignment may enhance shareholder value as Arcadium consolidates its role in the lithium market.
For further insights into AU:LTM stock, check out TipRanks’ Stock Analysis page.