Lithium Americas Corp (LAAC)

[John-Knee]

Deutsche Bank Notes Lithium Americas' Bid for Millennial Lithium
2021-11-02 09:25:36 AM ET (MT Newswires)
      
09:25 AM EDT, 11/02/2021 (MT Newswires) -- Deutsche Bank said Tuesday that a bidding war for Millennial Lithium Corp. (ML.V) may be either driven by lithium prices or the target being too good of an asset to pass.

Lithium Americas Corp. (LAC.TO) is offering to acquire Millennial Lithium and its Pastos Grandes project in Argentina for $4.70 per share. The offer represents a 22% premium over CATL's offer of $3.85 per share and a 27% premium over Millennial Lithium's Oct. 29 closing price.

Deutsche Bank said this is the third bid for Millennial Lithium over the last four months after Ganfeng Lithium's first bid in July of $3.60 per share, which was then countered by CATL in September.