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Australia’s Paladin launches scrip move on Niger uranium company
Sep. 02, 2010 09:21AM PST
Long TailPlatts.com reports Paladin Energy, the Australian uranium miner began its formal A$27 million (US$23.8 million) off-market scrip takeover offer for Niger’s NGM Resources. Under the deal, first announced in July and supported by NGM Resources board of directors, NGM shareholders will receive one share in Paladin Energy for every 23.9 shares owned in NGM. For complete story, […]
Platts.com reports Paladin Energy, the Australian uranium miner began its formal A$27 million (US$23.8 million) off-market scrip takeover offer for Niger’s NGM Resources.
Under the deal, first announced in July and supported by NGM Resources board of directors, NGM shareholders will receive one share in Paladin Energy for every 23.9 shares owned in NGM.