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Message: VNP to Become Global Leader with New Acquisition

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VNP to Become Global Leader with New Acquisition

posted on Feb 28, 11 09:49AM (Log in to use the IP Check tool) ^[?]

5N Plus to Become a Global Leader in the Production and Distribution of Specialty Metals with the Acquisition of MCP Group SA

Press Release Source: 5N PLUS INC. On Monday February 28, 2011, 8:52 am

MONTREAL, Feb. 28 /CNW Telbec/ - 5N Plus Inc. (Toronto:VNP.TO) ("5N Plus" or the "Corporation") announced today that it has entered into a definitive Acquisition Agreement with the shareholders of MCP Group SA ("MCP") to acquire substantially all of the outstanding shares of MCP (the "Transaction"). Pursuant to the Acquisition Agreement, the shares of MCP will be purchased for a cash consideration of (euro)105.8 million (CDN$141.8 million), a promissory note to the vendors of (euro)61.9 million (CDN$82.9 million) and approximately 11.4 million common shares of the Corporation to be issued to the vendors.

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Metal purification for the electronic industry is our specialty and our quality is recognized in a variety of applications including solar energy, medical imaging, infrared detectors, and thermoele... read more