UEX Corp T.UEX

RE:Real concerns with this deal, shorten timeliness etc

[stockrook86]

The 105 day rule is only for hostile takeovers, that is to ensure the board (which would not have been aware prior) is able to do due diligence. I'm fairly certain approved sales can be done in as little as 35 days through just a simple news release.

I'm am fairly certain this deal will go through. I'm hopeful someone will up and do a better bid, but if nothing comes in then I will happily vote for it. It will be a signal to me that M&A is not as sure a bet as thought in the U space, so why would you vote it down. 

I get it, the deal is not at the $0.60 or $1+ price targets, but the whole market is garbage now. We got a 50% relative pop to every other U stock. Most others are trading at or within spitting distance dog their 52 week low. I'll happily take this deal and then ride out the U bull with other companies, probably keep the UEC in my taxable accounts and trade off to some others in my TFSA and RRSP.

pricing is all relative, look at GXU has tracked UEX for years until we started lagging a few months ago, now we are 20-30% above them, that would be a perfect candidate to hop over to if you don't like the deal. If the market doesn't change and the deal is voted down we will be in the low 20s.

also, don't think there will be any trouble getting the votes. Most institutional will go for it, there has been a ton of volume this week with people playing the arbitrage angle, and also UEC through the 5 million provate
placement will own 1% of the shares