Uranium One Shareholders Favor ARMZ Offer

Reuters reported that Uranium One shareholders have approved the offer made by Russian uranium company ARMZ to take it private, in which the latter has agreed to pay C$1.3B.

As quoted in the market news:

ARMZ already owns 51.4 percent of common shares in Uranium One, Canada’s second-largest uranium company. ARMZ is the mining arm of Russia’s nuclear regulator, Rosatom, which also builds nuclear reactors.

Click here to read the full Reuters report.