Cameco Announces Intention to Acquire Hathor Exploration Limited for $520M

Cameco CCJ announced that it intends to make an offer to acquire all of the outstanding shares of Hathor Exploration Ltd. for cash consideration of $3.75 per share in a transaction which values the fully diluted share capital of Hathor at approximately $520 million. Cameco delivered a written proposal to Hathor following the close of market on Friday, August 19, 2011 outlining its interest in acquiring the company for cash in a transaction valued at $3.75 per share. Cameco made today's announcement after discussions with Hathor regarding a potential board-supported transaction failed to result in an agreement.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&ACoal & Consumable FuelsEnergy
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!