Luxfer Holdings and Neo Performance Materials Mutually Agree to Terminate Acquisition Agreement
10 Marzo 2019 - 7:45PM
Business Wire
Luxfer Holdings PLC (NYSE: LXFR) (“Luxfer”) and Neo
Performance Materials Inc. (TSX: NEO) (“Neo Performance Materials”
or “Neo”) today announced that the companies have mutually agreed
to terminate the previously announced transaction (the “Neo
Acquisition”) under which Luxfer would have acquired Neo for US$612
million* in cash and stock.
About Luxfer Holdings PLCLuxfer is a global manufacturer
of highly-engineered advanced materials, which focuses on value
creation by using its broad array of technical knowhow and
proprietary technologies. Luxfer’s high-performance materials,
components, and high-pressure gas containment devices are used in
defense and emergency response, healthcare, transportation, and
general industrial settings. For more information, visit
www.luxfer.com. Luxfer is listed on the New York Stock Exchange and
its ordinary shares trade under the symbol LXFR.
About Neo Performance MaterialsNeo Performance Materials
is a global leader in the innovation and manufacturing of rare
earth and rare metal-based functional materials, which are
essential inputs to high technology, high growth, future-facing
industries. The business of Neo Performance Materials is organized
along three segments: Magnequench, Chemicals & Oxides and Rare
Metals. Neo Performance Materials is headquartered in Toronto,
Canada with corporate offices in Greenwood Village, Colorado, and
Beijing, China. Neo Performance Materials operates globally with
sales and production across 10 countries, being Japan, China,
Thailand, Estonia, Singapore, Germany, United Kingdom, Canada,
United States and South Korea. For more information, please
visit www.neomaterials.com. Neo Performance Materials is
listed on the Toronto Stock Exchange and its common shares trade
under the symbol NEO.
*Note: Transaction value based on share price at close of
business on December 14, 2018.
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version on businesswire.com: https://www.businesswire.com/news/home/20190310005058/en/
Luxfer Investor Contact:Douglas A. Fox, CFADirector,
Investor Relations
Cassandra StanfordCommunications Specialist+1
951-341-2375Investor.relations@luxfer.com
Neo Investor Contact:Ali MahdaviInvestor Relations(416)
962-3300Email: ir@neomaterials.com
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