Critical Metals merger with European Lithium wins backing from independent board committee, expert report says not fair but reasonable
CRML•Independent expert backs transaction with conditions
Critical Metals Corp. is seeking to acquire all fully paid ordinary shares in European Lithium via a scheme of arrangement.
A related option scheme of arrangement is included as part of the proposed transaction.
European Lithium’s independent expert found the share scheme “not fair but reasonable,” citing it as in shareholders’ best interests absent a superior proposal.
The same report concluded the option scheme is fair and reasonable, also in optionholders’ best interests absent a superior proposal.
