Uranium Deal Shows Nuclear Future

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"Cameco's gambit to buy a Canadian uranium deposit in its biggest-ever acquisition is showing that the nuclear future is now."

Bloomberg, Tara Lachapelle

Less than six months after the worst atomic disaster since Chernobyl, Cameco Corp.'s gambit to buy a Canadian uranium deposit in its biggest-ever acquisition is showing that the nuclear future is now.

Cameco, the largest uranium producer, took its $530M bid for Hathor Exploration Ltd. to shareholders last week after negotiations failed to lead to an agreement. The industry's biggest takeover since the partial meltdown of a Japanese power plant in March was set at a 40% premium even as the price of uranium fell below levels reached in the aftermath of the disaster. . .View full article

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