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Reuters reported that Molycorp’s (NYSE:MCP) takeover of Neo Material (TSX:NEM) is now complete.
Reuters reported that Molycorp’s (NYSE:MCP) takeover of Neo Material (TSX:NEM) is now complete.
As quoted in the market news:
The cash-and-stock deal, worth roughly C$1.2 billion ($1.17 billion), also gives Molycorp access to Neo’s valuable rare earth patents as well as a toehold in China – the world’s top rare earth producer and consumer.