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InsideArbitrage Potential Deal Alert: Tesla (TSLA) weighing takeover bid for Sigma Lithium (SGML)

  • February 18, 2023


Stock Sigma Lithium Corporation Symbol SGML
Date Announced 02/17/2023 Source Bloomberg
Type News Report

According to Bloomberg, Tesla (TSLA) has been weighing a takeover of battery-metals miner Sigma Lithium Corp., (SGML)  amid rampant demand for the metal used in electric vehicle batteries.


September 13, 2023: Sigma Lithium and its wholly-owned subsidiary Sigma Brazil (private), announce that both Companies’ Board of Directors are evaluating potential strategic alternatives for the Companies. The Companies received several proposals in relation to the Brazilian Company Sigma Mineração, for the Canadian parent Sigma Lithium Corporation as well as for the Grota do Cirilo Project.

November 1, 2023: Sigma Lithium announces that its strategic review process is advancing to a final round, with consortiums formed amongst certain strategic parties. Sigma Lithium and its board remain committed to its initial timeline with a goal of completing the strategic review process no later than year-end.

December 19, 2023: According a report in Brazil’s Exame publication the two consortiums believed to be in the final stretch to purchase Sigma Lithium are CATL and Volkswagen.

January 14, 2024: According to Financial Times, Chinese electric car-maker BYD has held talks with Brazil’s Sigma Lithium (SGML) over a possible supply agreement, joint venture or acquisition.





Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.