Aug. 19 at 4:38 AM
$CRML the EUR deal is now all but ensured to go through with the revised share exchange ratios. Worst case is EUR shareholders get 28% more shares than original if share price stays below
$8. They actually get less shares than original if share price averages over
$16 during the 20 day period prior to the meeting to approve the deal and somewhere in between if the price is between
$8 and
$16. EUR is still required to bring
$330M in cash in the deal. Proxy materials due in early September with expected closing in October after the meeting. Excellent that this transaction is on track now with timelines to an actual closing within two months. This works well for all involved.