Hathor Holding Tight to Roughrider

World Nuclear News reports that Hathor Exploration(TSX:HAT) has urged its shareholders not to respond to a takeover bid by Cameco Corp.(TSX:CCO)

The market news is quoted as saying:

Cameco announced its plans to make a cash offer of C$3.75 ($3.83) per share in Hathor, valuing the company at approximately C$520 million ($531 million) based on Hathor’s estimated fully diluted share capital of approximately 139 million shares. Cameco delivered a written proposal of its offer to Hathor after cordial but ultimately fruitless discussions on a potential board-supported transaction.

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