Deal Snapshot
MOLYCORP WRAPS UP NEO MATERIAL BUY
Wednesday 13 June 2012

US-based rare earth oxide (REO) producer Molycorp Inc (NYSE:MCP) unveiled the completion of its CAD1.3bn (USD1.3bn/EUR1bn) cash-and-stock deal to buy Neo Material Technologies Inc (TSE:NEM), creating a top global rare earth group with full mine-to-magnetics vertical integration.


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Details
Date Published: 13/06/2012
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: Closed
Buyer: Molycorp Inc

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