Rio Tinto Offers $567 Million for Uranium Explorer Hathor to Trump Cameco

Bloomberg reported Rio Tinto Group (LSE:RIO,ASX:RIO) agreed to pay C$578 million to acquire Hathor Exploration (TSE:HAT).

As quoted in the market news,

Shareholders of Vancouver-based Hathor would receive C$4.15 a share, Rio said yesterday in a statement. The bid represents a 55 percent premium to Hathor’s closing share price on Aug. 25, the day before Cameco made its C$3.75-a-share offer.

Click here to read the full Bloomberg report.