Deal Snapshot
NEO MATERIAL SHAREHOLDERS BACK DEAL WITH MOLYCORP
Friday 01 June 2012

US-based rare earth oxide (REO) producer Molycorp Inc (NYSE:MCP) said the shareholders of its Canadian takeover target Neo Material Technologies Inc (TSE:NEM) had voted in support of the CAD1.3bn (USD1.3bn/EUR1bn) cash and stock combination.


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Details
Date Published: 01/06/2012
Target: Neo Material Technologies Inc
Country: Canada
Deal Size: 1.3bn (USD)
Sector: Metals/Mining
Type: Corporate acquisition
Financing: Cash & Stock, Existing resources, Debt
Status: Agreed
Buyer: Molycorp Inc

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