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5N Plus to Become a Global Leader in the Production and Distribution of Specialty Metals with the Acquisition of MCP Group SA
Feb. 28, 2011 (Canada NewsWire Group) -- MONTREAL, Feb. 28 /CNW Telbec/ - 5N Plus Inc. (TSX: V...
About this update from 5n Plus Inc.
[{"type":"text","content":"\n\n\n Feb. 28, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nMONTREAL, Feb. 28 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) ("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.\nHeadquartered in Belgium, MCP is a private company created in September 2007 following a merger between MCP Aramayo Ltd. and Sidech SA, two worldwide specialty metal players. Today, MCP is the world's leading producer and distributor of specialty metals and their chemicals, including bismuth, indium, gallium, selenium and tellurium. MCP's products are used in a variety of products, mainly related to electronic applications. It employs approximately 350 people in its 8 production sites and 14 commercial offices across Europe, Asia and the United States. MCP is majority-owned by Laurent Raskin and Frank Fache, co-Chief Executive Officers of MCP, and Floridienne SA, a Belgium industrial group.\n"Today is a very important day in the history of 5N Plus. The acquisition of MCP will a...