China's Ganfeng Lithium outbid in battle for M&A target Millennial Lithium

China's Ganfeng Lithium outbid in battle for M&A target Millennial Lithium

Photo: Reuters

Ganfeng Lithium’s deal to acquire Argentina-focused Millennial Lithium is under threat after Millennial received a rival takeover offer from a battery maker it thinks is superior to its earlier agreement with the Chinese company.