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Centrus Energy shares fall 26% in October following announcement of Westmoreland Holdings acquisition

The Motley Fool +1 · ·by G4L

LEU
LEU Centrus Energy Corp
$117.34 +12.18%
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  1. 1Centrus Energy announced on October 19 that it will acquire Westmoreland Holdings for $116 million.
  2. 2Centrus Energy shares recorded a 26% decline in October.
  3. 3Ross Capital lowered its price target for Centrus Energy from $188 to $115.

So what's the key point?

Centrus Energy decided to purchase Westmoreland Holdings for $116 million. Experts lowered their expectations for the stock to rise following this news.

Source The Motley Fool +1 · View original ↗

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