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People & Business :: Earnings/Finance

Molycorp Acquires Neo Materials' Shares

8:31 AM MDT | June 1, 2012 | Lindsay Frost

Molycorp announced that shareholders of Neo Materials have voted to approve Molycorp’s acquisition of the company. The resolution outlined the acquisition of all Neo Materials’ issued and outstanding shares by Molycorp and was approved by 99% of voters at the annual and special meeting. "We have been planning for this combination, and we expect the integration of these two companies to proceed very smoothly after the closing,” says Mark Smith, president and CEO of Molycorp. “Once completed, this transaction will create one of the most...

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