Rio Tinto and Arcadium Lithium plc have announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share.
On Monday, all these numbers rolled in reverse. As of the close of trading, Standard Lithium stock was down 6.8%, Piedmont had dropped by 7.7%, and SQM was down by 5.1%. The question is: Why?