BUZZ-USA Rare Earth to acquire Serra Verde for $2.8 billion; shares plunge
USA Rare Earth
USA Rare Earth USAR | 0.00 |
** Shares of rare earth magnet company USA Rare Earth USAR.O down ~8% at $18.43 premarket
** Co to acquire Brazilian rare earths miner Serra Verde for $2.8 billion in cash and shares
** The U.S. company will pay $300 million in cash and 126.9 million newly issued shares of its stock for the transaction, which is expected to close in the third quarter of 2026
** As of last close, USAR up 67.6% YTD
