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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 LXP Industrial Trust as the logistics giant agrees to be acquired by Brookfield Asset Management and the Canada Pension Plan Investment Trust for $5.2B in cash.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
