Allkem and Livent to combine, deal value $10.6 billion

- Allkem and Livent announce today plants to combine in an all-stock merger of equals valuing the combined company at US$10.6 billion.

The new company will have combined revenue of approximately $1.9 billion and adjusted EBITDA of approximately $1.2 billion. The transaction is expected to close by the end of calendar year 2023, and upon closing of the all-stock merger of equals, Allkem shareholders will own approximately 56% and Livent shareholders will own approximately 44% of NewCo"Estimated run-rate operating cost synergies of approximately US$125 million per annum from SG&A, asset optimization, and logistics and procurement savings.

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