Exclusive – Lithium producer Albemarle eyes buying FMC if its IPO stumbles: source

The comments, which have not previously been publicly disclosed, come at a time of rapid growth and cutthroat competition across the lithium sector as Albemarle seeks to tap into surging demand for high-tech batteries like those used in Tesla Inc’s Model X and other electric vehicles. Philadelphia-based FMC, primarily a pesticides maker, said in February it would launch a $500 million (390.7 million pounds) initial public offering in October of a stake in its lithium business. Livent’s stock multiple, which will reflect how the stock trades compared to its expected earnings, will be closely watched by Wall Street …read more

Source:: Yahoo Finance


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.