On 19 April 2021, Galaxy announced that it had entered into a binding Merger Implementation Deed with Orocobre Limited (Orocobre) to merge the two companies by way of a scheme of arrangement (Scheme) under Part 5.1 of the Corporations Act.Where are Orocobre and Galaxy lithium projects located?
Orocobre and Galaxy, which operate the Olaroz and Sal de Vida lithium projects in Argentina respectively, are also eyeing a consolidation of their assets in the country.Who is Orocobre buying for$ 1.4 billion?
April 19 (Reuters) - Australian lithium miner Orocobre Ltd (ORE.AX) is buying smaller domestic peer Galaxy Resources (GXY.AX) for $1.4 billion to create the world's fifth most valuable producer of the key raw material for electric vehicle batteries.What's the stock price of Galaxy Resources Limited?
The Galaxy Resources Limited (ASX: GXY) share price is pushing higher again on Monday. In afternoon trade, the lithium producer’s shares are up over 2% to $5.50. Where next for the Galaxy share price?