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FVAC U - Fortress Value Acquisition News Story

$15.61 0.6  4.1%

Sector
Basic Materials
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6855

BRIEF-Mp Materials To Be Listed On NYSE Through Merger With Fortress Value Acquisition Corp

Wed 15th July, 2020 2:01pm
July 15 (Reuters) - Fortress Value Acquisition Corp
 FVAC.N :
    * MP MATERIALS, A LEADING PRODUCER OF RARE EARTH MATERIALS,
TO BE
LISTED ON NYSE THROUGH MERGER WITH FORTRESS VALUE ACQUISITION
CORP.
    * MP MATERIALS - COMBINED COMPANY TO HAVE AN ESTIMATED
POST-TRANSACTION EQUITY VALUE OF ABOUT $1.5 BILLION
    * MP MATERIALS - JHL CAPITAL GROUP AND QVT FINANCIAL, WILL
ROLL
100% OF THEIR EXISTING EQUITY HOLDINGS INTO EQUITY OF COMBINED
COMPANY
    * MP MATERIALS - COMBINED CO WILL BE NAMED MP MATERIALS
CORP. AND
WILL REMAIN NYSE-LISTED UNDER NEW TICKER SYMBOL "MP"
    * MP MATERIALS - DEAL INCLUDES $200 MILLION FULLY COMMITTED
COMMON
STOCK PIPE AT $10/SHARE

Source text for Eikon:  ID:nBw8QZX83a 
Further company coverage:  FVAC.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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