Categories: Business

Battery metals producer Liontown rejects $3.7 billion proposal from Albemarle

March 28 (Reuters)Liontown Resources LTR.AX said on Tuesday said it had rejected a non-binding indicative proposal of A$2.50 per share from Albemarle Corp ALB.N, which valued the battery metals explorer at A$5.50 billion ($3.66 billion).

($1 = 1.5033 Australian dollars)

(Reporting by Harish Sridharan in Bengaluru; Editing by Sriraj Kalluvila)

((Harish.Sridharan@thomsonreuters.com; Twitter: https://twitter.com/damnit_saladin;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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