Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Uranium One Inc SXRZF



GREY:SXRZF - Post by User

Bullboard Posts
Post by PUNJABIon Jan 15, 2013 8:35am
575 Views
Post# 20838634

Globe says Uranium One buyout could get rejected

Globe says Uranium One buyout could get rejected

 

Globe says Uranium One buyout could get rejected
Ticker Symbol: C:UUU

Globe says Uranium One buyout could get rejected

Uranium One Inc (C:UUU)
Shares Issued 957,189,036
Last Close 1/14/2013 $2.76
Tuesday January 15 2013 - In the News

The Globe and Mail reports in its Tuesday edition that Russia's state uranium firm ARMZ has offered to take Uranium One private in a $1.3-billion deal, but it may get rejected by shareholders. The Globe's Pav Jordan and Bertrand Marotte write many shareholders have been holding out for years for a rebound that could be just around the corner. Minority shareholders are being offered $2.86 per share in the transaction that must be approved by holders of two-thirds of the company's stock. Uranium One said on Monday it agreed to the deal with JSC Atomredmetzoloto and affiliate Effective Energy NV -- which own 51.4 per cent of the company and are known together as ARMZ. The offer is 15 per cent higher than the close on Friday at $2.41 a share, and 60-per-cent higher than where the stock was trading in early December. Even so, the offer values Uranium One shares at less than half the $6.79 per share level hit in 2011, just before the industry was sent into a tailspin after an earthquake and tsunami in Japan. Now Japan is looking again to restart idled reactors, and experts are signalling a gradual revival for uranium prices. Desjardins analyst John Hughes said in a note the offer is opportunistic and insufficient.

Bullboard Posts