M&A · Energy · Chemicals & Allied Products
Allkem Limited to acquire Livent Corp.
Announced Aug 2, 2023 · Closed Jan 4, 2024
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationNot disclosed
Transaction
- Acquirer
- Allkem Limited
- Target
- Livent Corp.
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Jan 4, 2024
Deal protections
- Break fee (target pays)
- $64.6M
- Reverse fee (buyer pays)
- $64.6M
- Go-shop
- —
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Gordon Dyal
Sector context · Energy
- Comparable deals
- 34 in the prior 24 months
- Premium
- Sector median 24.6%
- EV / Adj. EBITDA
- Sector median 8.7x
- Break fee
- Sector median 2.9%
Timeline
- AnnouncedAug 2, 2023
- Proxy filedNov 20, 2023
- Definitive proxyNov 20, 2023
- Shareholder voteDec 19, 2023
- ClosedJan 4, 2024