FP Investing reported Cameco Corp. (TSX:CCO,NYSE:CCJ) boosted its hostile offer for Hathor Exploration Ltd. (TSX:HAT), raising the stakes.

As quoted in the market news:

The new bid from Saskatoon-based Cameco is worth $625-million in cash, or $4.50 a share. That tops a friendly bid from Rio Tinto Ltd. worth $4.15 a share, and is 20% higher than Cameco’s original offer of $3.75 a share.

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