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Neo Material Tech shareholders agree to Molycorp takeover, but what they really wanted was the cash

Frik Els | May 31, 2012 | 9:55 pm Battery Metals Rare Earth 

Shareholders of Canadian rare earths processor Neo Material Technologies Inc., unanimously approved the takeover bid by Molycorp on Thursday, creating the industry's first integrated mines-to-magnets supplier. Under the terms of the deal Neo Material stockholders had the option to either...

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