Energy Fuels to buy Australian Strategic Materials for A$447m at A$1.60 per share
Energy Fuels will acquire 100% of Australian Strategic Materials for an implied A$447m (US$299m), offering 0.053 Energy Fuels shares plus A$0.13 cash per ASM share, totalling A$1.60. The deal requires a late-May/early-June 2026 scheme meeting and regulatory approvals, with completion expected by late June and ASM shareholders holding 5.8% post-close.
1. ASM International Reports Preliminary Bookings Above Market Expectations
ASM International disclosed that preliminary fourth-quarter 2025 bookings reached €2.3 billion, roughly 9 percent above the consensus estimate of €2.1 billion among analysts surveyed by FactSet. This marks the third consecutive quarter in which the company has comfortably outperformed consensus, following bookings of €2.0 billion in Q3 and €1.8 billion in Q2. The stronger-than-expected intake was driven by higher demand for deposition systems used in advanced logic and memory chip production.