Centrus Acquires Westerman Holdings, LLC
Centrus said it acquired Westerman Holdings, LLC, bringing a key supplier in-house and diversifying its manufacturing capacity.
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11:19:55 AM UTC
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LEU LEU LEU - Centrus Acquires Westerman Holdings, LLC, Bringing a Key Supplier In-House and Diversifying Its Manufacturing Capacity
11:20:38 AM UTC
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Centrus Energy Has Acquired Westerman Holdings for $116M >LEU
11:20:38 AM UTC
SquawkNews
Centrus Energy Corp. acquired Westerman Holdings for approximately $116M, funded with ~$95M cash and $21M equity. The deal is expected to be accretive to adjusted EPS in the first year and secures a key centrifuge component supplier while diversifying revenue.Material DetailsContext by AI AnalystTh…
11:43:32 AM UTC
SquawkNews
Centrus Energy entered into a Membership Interest Purchase Agreement to acquire 100% of Westerman for approximately $116 million. The purchase price was paid with $95 million in cash and $21 million in Centrus Class A common stock, with additional payments at closing to retire $31.5 million of subo…