Latest Lithium Takeover Bid Sparks Speculation on More M&A Activity to Come

FN Media Group Presents USA News Group News Commentary

VANCOUVER, B.C., Jan. 12, 2024 /PRNewswire/ — USA News Group  –  A new wave of mergers and acquisitions is on the rise in the lithium sector, in the wake of the latest successful takeover bid of Alpha Lithium Corporation by a leading Latin American energy company, Tecpetrol. After already announcing the acquisition of 102,692,615 common shares (54% equity) at a per-share bid price of C$1.48, Tecpetrol has officially now spent over C$150M on the Alpha transaction. That number could still climb, as the remaining ALLI shareholders have until Oct 31 to accept the offer for themselves, meaning even more lithium shareholders could be flooding the market with new cash to spend on other lithium plays with upside. This latest deal comes in the wake of the mega-merger between Allkem Limited (TSX:AKE) (OTCPK:OROCF) and Livent Corporation (NYSE:LTHM), analysts are turning their eyes toward more M&A activity in the space and other potential near-term takeout targets, such as Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), and Argentina Lithium & Energy Corp. (TSXV:LIT) (OTCQX:LILIF).

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