The proposed merger between Allkem Limited (ASX: AKE) and Livent (NYSE:) Corporation is progressing, with a shareholder vote set for 19 December 2023. The Australian Federal Court has mandated the voting procedure, which will be held at the Crown Perth Convention Centre. Virtual participation in the meeting will be allowed, and shareholders are required to register by the deadline of 17 December 2023 in order to cast their vote.
In an update released on Wednesday, Allkem confirmed its commitment to stakeholders and its continued effort to finalize the merger. This “merger of equals” was first announced to the Australian Securities Exchange (ASX) on 10 May 2023.
For the upcoming shareholder meeting, Allkem has been directed by the Federal Court of Australia to distribute a Scheme Booklet. Registered with ASIC, this booklet contains details about the merger and includes an Independent Expert’s Report from Kroll Australia Pty Ltd. Depending on their preferred mode of communication, shareholders will either receive a physical copy or an email with instructions on how to download it. The booklet will also be posted on ASX and Allkem’s website.
The progress of the merger is being closely monitored by stakeholders as it represents a significant step in the consolidation of these two entities. A detailed transaction timeline has been released to keep all interested parties informed about the next steps in this process.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.