{"id":12824,"date":"2019-03-10T19:30:29","date_gmt":"2019-03-10T23:30:29","guid":{"rendered":"http:\/\/www.neomaterials.com\/?p=12824"},"modified":"2024-11-16T00:34:50","modified_gmt":"2024-11-16T05:34:50","slug":"luxfer-holdings-and-neo-performance-materials-terminate-acquisition","status":"publish","type":"post","link":"https:\/\/www.neomaterials.com\/luxfer-holdings-and-neo-performance-materials-terminate-acquisition\/","title":{"rendered":"Luxfer Holdings and Neo Performance Materials Mutually Agree to Terminate Acquisition Agreement"},"content":{"rendered":"

MANCHESTER, England & TORONTO, Canada \u2014 March 10, 2019 – (BUSINESS WIRE) \u2013 Luxfer Holdings PLC (NYSE: LXFR)<\/strong> (\u201cLuxfer\u201d) and Neo Performance Materials Inc. (TSX: NEO)<\/strong> (\u201cNeo Performance Materials\u201d or \u201cNeo\u201d) today announced that the companies have mutually agreed to terminate the previously announced transaction (the \u201cNeo Acquisition\u201d) under which Luxfer would have acquired Neo for US$612 million* in cash and stock.<\/p>\n

About Luxfer Holdings PLC<\/strong><\/p>\n

Luxfer 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\u2019s 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.<\/p>\n

About Neo Performance Materials<\/strong><\/p>\n

Neo 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.<\/p>\n

For more information, please visit www.neomaterials.com<\/a>. Neo Performance Materials is listed on the Toronto Stock Exchange and its common shares trade under the symbol “NEO.”<\/p>\n

*Note: Transaction value based on share price at close of business on December 14, 2018.<\/p>\n

 <\/p>\n

Luxfer Investor Contact:<\/strong><\/p>\n

Douglas A. Fox, CFA
\nDirector, Investor Relations
\nCassandra Stanford
\nCommunications Specialist
\n+1 951-341-2375
\nInvestor.relations@luxfer.com<\/p>\n

Neo Investor Contact:<\/strong><\/p>\n

Ali Mahdavi
\nInvestor Relations
\n(416) 962-3300
\nEmail: ir@neomaterials.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Luxfer Holdings PLC and Neo Performance Materials Inc. today announced that the companies have mutually agreed to terminate the previously announced transaction under which Luxfer would have acquired Neo for US$612 million in cash and stock.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[33],"class_list":["post-12824","post","type-post","status-publish","format-standard","hentry","category-news-releases","tag-luxfer"],"acf":[],"yoast_head":"\nLuxfer Holdings And Neo Performance Terminate Acquisition<\/title>\n<meta name=\"description\" content=\"Luxfer Holdings and Neo Performance Materials have mutually agreed to terminate their acquisition agreement.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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