Deal Snapshot
MOLYCORP AGREES USD1.3BN DEAL TO BUY CANADIAN NEO MATERIAL
Monday 12 March 2012

US-based rare earth oxide (REO) producer Molycorp Inc (NYSE:MCP) will take over Canadian rare earth processor Neo Material Technologies Inc (TSE:NEM) for around CAD1.3bn (USD1.3bn/EUR994m), the parties said in a joint press release.


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Details
Date Published: 12/03/2012
Target: Neo Material Technologies Inc
Country: Canada
Deal Size: 1.3bn (USD)
Sales: 352.27m (USD)
Sector: Metals/Mining
Buyer: Molycorp Inc
Buyer Advisor: Cutfield Freeman and Co, Morgan Stanley & Co LLC, McCarthy Tetrault LLP, Jones Day
EBITDA: 88.3m (USD)
Debt: 241.16m (USD)
Debt/EBITDA: 2.73
EV/EBITDA: 13.40
EV/Sales: 3.36
EV: 1.18bn (USD)

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