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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.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.
