Neo Material shareholders accept Molycorp bid

By John Ollett
Published: Thursday, 31 May 2012

Innovation Metals to build rare earth plant that will be leased to juniors

Shareholders of rare earths processor Neo Material Technologies Inc. have approved the acquisition of all of Neo Materials' issued and outstanding shares by Molycorp Inc.

Each shareholder in the Canada-based Neo Material will receive either C$11.30 ($10.98) or 0.4242 Molycorp shares per share – or a combination – which values...

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