Rio Tinto, the world's second-largest miner, is eyeing a potential takeover of U.S. lithium producer Arcadium. Both parties confirmed on Monday that discussions are underway regarding the acquisition.
The buyout could be valued at $4-6 billion. Following the announcement, Arcadium's U.S.-traded shares soared by 35% after hours on Friday, while its Australian shares jumped 46% to A$6.09, according to Reuters.
