-- Glencore has offered to acquire Li-Cycle, a Canadian lithium battery recycling company. The offer is part of a move to offset operational and financial issues, Reuters reports.
-- Li-Cycle has formed a special committee to evaluate Glencore's proposed acquisition, but a Li-Cycle spokesperson said there are no assurances a transaction will occur, Reuters reports.
-- Li-Cycle debt held by Glencore is convertible to roughly 84 million shares in the recycling company. Glencore wrote to the Canadian company last week seeking talks as soon as possible with it and other stakeholders regarding a potential transaction, according to Reuters.
-- Glencore didn't immediately respond to Reuters' request for comment.
Full story: https://shorturl.at/A9iUw
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
March 18, 2025 03:55 ET (07:55 GMT)
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