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Energy Fuels to Acquire Vacuumschmelze, Associated Firms From Ara Partners for $1.9 Billion

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Energy Fuels (UUUU) has agreed to acquire Germany's Vaccumschmelze and associated business and subsidiaries from Ara Partners for $1.9 billion in cash and stock, the company said Tuesday.

The deal consists of $718 million in cash and 65.9 million newly issued Energy Fuels shares, the company said.

Vacuumschmelze is a magnetics company which also operates a facility in South Carolina, with capacity to produce 2,000 metric tons of permanent magnets per year, the company said.

Following completion of the deal, Vacuumschmelze will become a wholly owned subsidiary of Energy Fuels while retaining its branding and German headquarters, the company said.

The deal is expected to be accretive to Energy Fuels' earnings and cash flow, the company said.

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