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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.
Omnicom’s PR units suffered a 8.6 percent decline in Q2 revenues to $372.9M.
Former AIG global head of corporate communications Emily Garbaccio is joining PGIM, the global investment management business of Prudential Financial, as chief communications officer.
Joele Frank handles Core Scientific as the data center infrastructure company, gets acquired by CoreWeave in a stock deal valued in the $9B range.
Edelman Smithfield handles Del Monte Foods Corp. as the nearly 140-year-old company files for Chapter 11 to revamp its balance sheet and put itself on the auction block.
Prosek Partners represents Brightstar Capital as the private equity firm completes the $1.1B deal to acquire PlayAGS, supplier of slot table and interactive products to the gaming industry.
