CAMECO's BID Was "HOSTILE " Folks .....
HATHOR's Shareholders Told Cameco to Take a Hike with their $520 Million Dollar offer....which was a $151 Million Dollar premium to Market.
And here MEGA URanium Sits at the EXTREME Low end of it trading Range with Assets that well EXCEED its Market Cap of a mere $ $80 Million.....MGA is Clearly on SALE....in the URANIUM UNIVERSE these Days.This weekend Investors will make the comparable's and start kicking the tires of these Oversold Uranium Juniors. MGA Case in Point sitting on $269M Assets of Which $31 M is Cash and securities. That is why I bought 100K Shares Friday and Posted 5x Times. See you on the Bounce Up...Folks !
Globe & Mail
Cameco said early Friday it made a written proposal of $3.75 per share cash to Hathor’s board about a week ago but couldn’t get its backing for a friendly deal.
“We couldn’t get near agreement on valuation, so we had to go our separate ways,” Cameco chief executive officer Tim Gitzel told analysts in a conference call.
Cameco said it will go directly to Hathor shareholders with the takeover bid, which it said would provide them with an immediate premium for their stock.
The market activity suggests investors expect a rival bid will emerge or Cameco will increase its offer to win shareholder approval.
https://www.theglobeandmail.com/globe-investor/cameco-bids-520-million-for-hathor/article2142951/