Brief: X-Energy And Ares Acquisition Corporation Announce Update To Business Combination Terms
12/06/2023 11:40
June 12 (Reuters) - Ares Acquisition Corp AAC.N :
* X-ENERGY AND ARES ACQUISITION CORPORATION ANNOUNCE
STRATEGIC
UPDATE TO BUSINESS COMBINATION TERMS TO REINFORCE LONG-TERM
VALUE CREATION OPPORTUNITY AND ALIGNMENT WITH SHAREHOLDERS
* ARES ACQUISITION CORP: UNDER AMENDED TERMS, X-ENERGY'S
PRE-MONEY
EQUITY VALUE HAS BEEN REVISED TO $1.8 BILLION
* ARES ACQUISITION CORP: X-ENERGY, CO BELIEVE REVISED
VALUATION
REINFORCES LONG-TERM VALUE CREATION OPPORTUNITY FOR SHAREHOLDERS
* ARES ACQUISITION CORP: COMPANIES REAFFIRM COMMITMENT TO
COMPLETE
TRANSACTION
Source text for Eikon: ID:nBw6pRtcpa
Further company coverage: AAC.N
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