Centrus Energy (LEU) disclosed that it is in advanced discussions to potentially acquire an existing domestic manufacturing supplier for an anticipated price of $115 million to $125 million. The target company generated approximately $160 million in revenue in 2025. The disclosure was made in an 8-K filing that also detailed a securities offering of common stock and warrants.
Key Details
- Potential Acquisition: The company is in advanced talks to acquire a domestic manufacturing supplier. The transaction is subject to negotiation of a definitive agreement, due diligence, and board approval.
- Financials & Price: The anticipated purchase price is between $115 million and $125 million. The target company's revenue for the year ended December 31, 2025, was approximately $160 million.
- Securities Offering: Concurrently, on September 9, 2026, the company entered into an underwriting agreement to offer 500,000 shares of common stock, pre-funded warrants to purchase ~2.0 million shares, and common warrants to purchase ~7.0 million shares.