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Globe and Mail reported Rio Tinto PLC (NYSE:RIO) has increased its friendly offer for Hathor Exploration Ltd. (TSX:HAT) to $4.70 per share in cash.
Globe and Mail reported Rio Tinto PLC (NYSE:RIO) has increased its friendly offer for Hathor Exploration Ltd. (TSX:HAT) to $4.70 per share in cash.
As quoted in the market news:
Rio, the world’s second-largest mining company, said its bid values Hathor and its assets in the uranium-rich Athabasca basin in northern Saskatchewan at $654-million, which is above the $4.50 per share offer Cameco made, valuing the company at $625-million.
Click here to read the full Globe and Mail report.