Centrus Energy to Acquire Westerman Holdings for $116 Million
Centrus Energy (LEU:NYSE) announced a pre-market Monday that it has agreed to acquire Westerman Holdings, one of its largest and most diversified suppliers. The deal is valued at approximately $116 million in cash and stock. Westerman specializes in manufacturing centrifuge casings and other critical components for Centrus's operations. The acquisition aims to strengthen Centrus’s supply chain by integrating a key supplier into the company, potentially improving efficiency and reducing reliance on external vendors. The deal has led to an immediate 1.8% rise in Centrus Energy shares before market open.
Tickers: $LEU
Topics: Corporate Strategy M&A
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Part of the story Centrus Acquires Westerman Holdings to Strengthen Supply Chain and Diversify Revenue (2 articles)