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Teneo handles Philadelphia’s Arcadium Lithium, which is being acquired by mining giant Rio Tinto in a deal worth $6.7B.
The $5.85 per-share price represents a 90 percent premium over Arcadium’s trading price last week.
Arcadium owns mining operations in Argentina and Australia and processing facilities in the US, China, Japan and the UK.
Lithium is used in batteries in electric vehicles.
Rio Tinto CEO Jakob Stausholm said the deal is a big step forward in the company’s strategy of creating a world-class lithium business alongside its aluminum and copper operations to supply materials needed for the energy transition.
The transaction is expected to close by the middle of next year.
Teneo’s Katherine Kim and Mark Stokes handle Arcadium.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
