SA News • Nov. 28, 2011
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Nov. 28, 2011, 8:40 AMCameco (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%. | Comment!
Nov. 17, 2011, 4:36 PM
Oct. 19, 2011, 11:01 AMRio 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
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