Shares of Liontown Resources Soar 11.5% as Albemarle Corp Makes Revised Acquisition Offer

**Liontown Resources LTR.AX shares rise 11.5% to $2.92, the largest intraday gain since March 28

**Battery Minerals Producer Says (link) Received Revised Acquisition Offer From Albemarle Corp ALB.N.

** New offer of A$3.00 cash per share, valuing Liontown at A$6.6 billion ($4.26 billion)

** The cash offer price represents a 14.5% premium to Liontown’s last closing price and 20% more than the A$2.50 per share offer made by Albemarle at the close of the month of march

** Stocks hit their highest level since July 14

** Stock is up 98.5% this year at last close

($1 = 1.5504 Australian dollars)