X-Energy Reactor and Ares Acquisition Corp. cut $300 million off merger price

X-Energy Reactor Co. and Ares Acquisition Corp. AAC on Monday lowered the price of their projected business combination by $300 million to $1.8 billion. “By establishing a more attractive entry point for investors, X-energy and AAC believe the revised valuation reinforces the long-term value creation opportunity for, and the companies’ alignment with, shareholders,” the companies said. Ares Acquisition Corp. and X-Energy initially announced their merger on Dec. 6.

... X-Energy Reactor Co. and Ares Acquisition Corp. AAC on Monday lowered the price of their projected business combination by $300 million to $1.8 billion. “By establishing a more attractive entry point for investors, X-energy and AAC believe the revised valuation reinforces the long-term value creation opportunity for, and the companies’ alignment with, shareholders,” the companies said. Ares Acquisition Corp. and X-Energy initially announced their merger on Dec. 6.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vivendi’s Media & Entertainment Empire Set For Major Expansion As European Commission Approves Lagardère AcquisitionThe European Commission has given the greenlight for French conglom Vivendi’s acquisition of the Lagardère Group. The acquisition will make the Paris-based group one of the biggest media and entert…
Source: DEADLINE - 🏆 109. / 63 Read more »