06 December 2012 18:59 [Source: ICIS news]
TORONTO (ICIS)--Talison Lithium said on Thursday that it has agreed to a Canadian dollar (C$) 7.50/share takeover offer from ?xml:namespace>
Talison is headquartered in
"This price represents an attractive premium for security holders relative to the price under the Rockwood proposal and reflects positively on Talison’s position in the global lithium market," board chairman Peter Robinson said.
However, under its agreement with Tianqi, Talisman is granting Rockwood five business days to match Tianqi’s offer.
Talison's shares were up 6.6% at C$7.32/share at 12:55 hours on the Toronto Stock Exchange.
($1 = C$1)
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