TSX:7049

Raksul Delisting Is Now Set: Shareholders Clear Goldman-Backed MBO’s Final Step

Raksul Delisting Is Now Set: Shareholders Clear Goldman-Backed MBO’s Final Step

Raksul shareholders approved a 28 million-to-one share consolidation, clearing the way for delisting from the Tokyo Stock Exchange on May 29. Holders of fractional shares are set to receive 1,900 yen per share, matching R1 Inc.’s tender offer, pending court approval. R1’s offer closed in March with 52.8 million shares tendered. Raksul shares ended Tuesday at 1,890 yen.
May 12, 2026

Stock Market Today

  • PLS Share Price Surges: Why Investors Favor ASX Materials Stocks
    May 28, 2026, 7:18 PM EDT. The Pilbara Minerals (ASX:PLS) share price has surged 46.2% in 2025, driven by growing demand for lithium used in electric vehicles and renewable energy. PLS operates the world's largest independent hard-rock lithium mine, Pilgangoora, and secures long-term contracts with major firms like Great Wall and POSCO. The ASX Materials sector outperformed the broader market, with a 7.32% annual return over five years versus 3.71% for the ASX 200 index. While materials stocks are traditionally valued for dividends, PLS focuses on growth with a modest 2.22% yield. Its price-to-sales ratio of 16.18 times is below its five-year average, reflecting rising revenues. Investors see materials shares as key plays on the energy transition and green technology expansion.