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Off-market insider selling at Neo Performance Materials (T:NEO)

Updated Wednesday Oct 19, 2022 01:56 AM EDT

Oaktree Capital Management, a 10% Holder, disposed of 8,974,127 Common Shares on a control or direction basis for registered holder OPPS NPM S.à r.l at a price of $15.000 through a private transaction on October 13th, 2022. This represents a $134,611,905 divestment of the company's shares and an account share holdings change of -90.8%.

Neo Performance Materials is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

Neo Performance Materials Inc. is engaged in manufacturing advanced industrial materials, such as magnetic powders and magnets, specialty chemicals, metals, and alloys. The Company operates through three business segments: Magnequench, Chemicals & Oxides (C&O) and Rare Metals (RM). Its Magnequench segment is engaged in the production of permanent magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron (NdFeB or neo) magnets. Its C&O segment manufactures and distributes a range of advanced industrial materials. Its applications are used in automotive catalysts, permanent magnetics, consumer electronics, petroleum refining catalysts, medical devices, and wastewater treatment. Its RM segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. Applications from products made in this segment primarily include superalloys for jet engines, medical imaging, wireless technologies and others.

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Go to Neo Performance Materials Inc. (NEO)'s company page

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