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Paladin exiting NGM deal immaterial: analyst
Sep. 29, 2010 06:54AM PST
Long TailFP reports on Paladin Energy’s deal with NGM Resources. Paladin is trying to back out of its $25-million takeover offer for NGM, arguing that the recent nearby kidnapping of seven French employees of Areva Group constitutes an “outbreak of hostilities” and the change can be “reasonably expected to materially adverse effect” on NGM. For complete story, […]
FP reports on Paladin Energy’s deal with NGM Resources.
Paladin is trying to back out of its $25-million takeover offer for NGM, arguing that the recent nearby kidnapping of seven French employees of Areva Group constitutes an “outbreak of hostilities” and the change can be “reasonably expected to materially adverse effect” on NGM.
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