Millennial Lithium gets rival takeover bid from Lithium Americas

Junior miner Lithium Americas has proposed a $400 million takeover for Argentina-based producer Millennial Lithium, outbidding China's battery maker Contemporary Amperex Technology (CATL).

Millennial Lithium announced the new takeover offer from Lithium Americas on November 1.
The Lithium Americas offer is a "Superior Proposal" to the one worth $304 million received by CATL in September, Millennium Lithium said in its announcement.

This is the third takeover offer in four months. In September, the company announced it had received an offer from CATL, outbidding China's lithium producer...

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