Corporate

US / Reactor Developer X-Energy Calls Off $1.8 Billion Merger Deal

By John Adkins
10 November 2023

Company says it will ‘continue to make critical progress towards long-term objectives’

Reactor Developer X-Energy Calls Off $1.8 Billion Merger Deal
Earlier this year US chemicals company Dow and X-energy announced they had chosen Dow’s UCC Seadrift Operations manufacturing site in Texas for a proposed Xe-100 project.
US-based X-Energy and Ares Acquisition Corporation and have called off their $1.8bn (€1.6bn) merger deal due partly to challenging market conditions.

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