# Albemarle submits revised proposal to acquire Liontown Resources

Albemarle Corporation submitted a non-binding revised proposal to acquire all outstanding shares of Liontown Resources Limited for A$3.00 per share, valuing Liontown at A$6.6 billion (US$4.3 billion). The Liontown board intends to recommend the proposal subject to a binding agreement and conditions.

- Type: Acquisition
- Announced: 2023-09-03
- Where: Australia
- Value: $4.30B (6.60B AUD)
- Status: announced
- Products: lithium, spodumene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Albemarle](https://endata.com/companies/10514.md) (acquirer)
- [Liontown Resources](https://endata.com/companies/60217.md) (target)

## Sources

- [investors.albemarle.com](https://investors.albemarle.com/news-and-events/news/news-details/2023/Albemarle-confirms-non-binding-agreement-to-acquire-Liontown/default.aspx), 2023-09-03: "The Revised Proposal delivers an immediate premium for Liontown investors and is expected to drive significant value creation for Albemarle shareholders."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.