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Cameco Corporation (CCJ)

- NYSE
  • Mon, Jan. 12, 7:14 PM
  • Sep. 3, 2013, 5:32 PM
  • Mar. 29, 2013, 6:39 AM
    The owners of Urenco, the world's second-largest nuclear-fuel maker, are looking to sell the company in a deal that could be worth €8-12B. Potential suitors reportedly include, Canadian uranium processor Cameco (CCJ) and P-E firms Carlyle (CG), KKR, and Blackstone (BX), with the bidders expected to form consortia because of the size of the transaction. Urenco's owners comprise the U.K. and Dutch governments, and German energy utilities E.ON and RWE.
    | 1 Comment
  • Jan. 16, 2013, 2:49 PM
    Among the Fission Energy assets being acquired by Denison (DNN +3.4%) is a 60% stake in the Waterbury Lake uranium project, part of a deposit attached to Rio Tinto’s (RIO -1.9%) Roughrider deposit - which Cantor Fitzgerald says "ties a neat bow on top of Denison for a potential takeout offer" from RIO. The analyst also considers Cameco (CCJ -1.2%) a potential source of a competing offer for Fission.
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  • Jan. 9, 2013, 10:56 AM
    Cameco (CCJ +0.8%) says it obtained all required regulatory approvals and completed the acquisition of NUKEM Energy, one of the world's leading traders and brokers of nuclear fuel products and services. CCJ paid €107M ($140M) and assumed NUKEM's net debt, reduced to ~€84M ($111M) since the deal was announced in May.
    | 1 Comment
  • Aug. 27, 2012, 7:46 AM
    BHP continues to play defense, selling its Australian uranium assets to Cameco (CCJ) for $430M. "We can't pursue all of the growth operations that are before us," says a BHP spokesman. Cameco, on the other hand, has a more optimistic outlook for uranium in the wake of Fukushima than does BHP. (PR)
    | 1 Comment
  • May 23, 2012, 9:19 AM
    Uranium giant Cameco's (CCJ) planned effort to raise as much as $1B through a combination of securities may signal an upcoming acquisition, BMO Capital suggests, citing falling uranium equity valuations in recent weeks and CCJ's ample funding capability. Potential targets: Paladin Energy (PALAF.PK), Denison Mines (DNN), UEX Corp. (UEXCF.PK)
    | 2 Comments
  • Nov. 28, 2011, 8:40 AM
    Cameco (CCJ) gains 4.1% after stating it will allow its C$4.50/share offer for fellow Canadian uranium miner Hathor Exploration (HTHXF.PK) to lapse. Barring regulatory holdups, Cameco's move paves the way for Rio Tinto (RIO) to acquire Hathor, courtesy of its C$4.70/share offer. RIO +6.2%.
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  • Nov. 17, 2011, 4:36 PM
    Rio Tinto (RIO) is raising its offer for Canadain uranium miner Hathor Exploration (HTHXF.PK) to C$654M, or C$4.70/share. The offer is 13% above Rio's prior bid, and represents a 4% premium to Cameco's (CCJ) C$4.50/share offer, which was announced on Monday.
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  • Oct. 19, 2011, 11:01 AM
    Rio Tinto (RIO -1.9%) is making a C$578M all-cash bid for Canadian uranium miner Hathor Exploration (HTHXF.PK). The offer represents an 11% premium to an August bid from Cameco (CCJ -2.9%). Politicians might object to Rio Tinto's bid out of a wish to see Hathor acquired by a fellow Canadian firm.
    | 1 Comment
  • Aug. 26, 2011, 9:22 AM
    Cameco (CCJ) offers $520M for fellow Canadian uranium producer Hathor Exploration. The price works out to $3.75/share, a 40% premium to yesterday's close. (PR)
    | 1 Comment
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Company Description
Cameco Corp is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.