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    lithium investing

    Chengdu To Outbid Rockwood For Talison

    Investing News Network
    Nov. 12, 2012 01:45PM PST
    Battery Metals

    Bloomberg reported Chengdu Tianqi Industry Group Co. will make an offer for Talison Lithium Ltd. (TSX:TLH) to exceed Rockwood Holdings Inc.’s (NYSE:ROC) bid.

    Bloomberg reported Chengdu Tianqi Industry Group Co. will make an offer for Talison Lithium Ltd. (TSX:TLH) to exceed Rockwood Holdings Inc.’s (NYSE:ROC) bid.

    As quoted in the market news:

    Chengdu Tianqi’s Windfield Holdings unit agreed to buy or has already purchased an aggregate 15 percent stake in Talison, the Chengdu, Sichuan province-based company said yesterday in a statement. Chengdu Tianqi plans to submit a proposal for the rest of the shares at a higher price than Rockwood’s bid of C$6.50 ($6.50) a share, according to the statement.

    Click here to read the full Bloomberg report.

    rockwood holdingstsx:tlhrockwood holdings incchengdu tianqi industry group colithium investingtalison lithiumnyse:roc
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