The Conversation (0)
HoweStreet.com reports on the uranium trend with the recent market activities in the uranium markets.
HoweStreet.com reports on the uranium trend with the recent market activities in the uranium markets.
The press release is quoted as saying:
One of the world’s largest uranium producers – Canada’s Cameco (T.CCO) – has launched a C$520-million hostile takeover bid for Hathor Exploration (T.HAT) in order to get its hands on Hathor’s high-grade Roughrider deposit in Saskatchewan’s prolific Athabasca Basin.
The offer of C$3.75 a share represents a 40% premium to Hathor’s closing price of C$2.67 on Thursday August 25, and it sent the company’s share price more than 46% higher on Friday. Cameco made the offer after talks with Hathor’s board failed. Hathor has not responded publicly to the news. The bid implies an enterprise value of US$8.70 per pound of contained uranium.
Click here to access the entire market news.