Energy Fuels to Buy Vacuumschmelze in $1.9 Billion Deal; Shares Dip Ahead of Closing
Energy Fuels Inc. announced a definitive agreement to acquire rare earth magnet producer Vacuumschmelze GmbH & Co. KG for about $1.9 billion, a transaction that the company says will create a vertically integrated mine-to-magnet platform. The purchase price is to be financed with roughly $718 million in cash, 65.853 million newly issued shares and …