merger vs takeover, page-2

The merger is a no brainer for both companies. Really.

AEK quickly secures near and medium-term funding and superior valuation (EV/lbU). The deal includes customary no-shop/no-talk provs, it is paper for paper, and is fully supported by major holders of both companies, so it will go ahead.

BUT, my guess is the enlarged company will already be on the radar of a larger company.

Given the resource AEK has, the heritage/capability/backers of URI, and the medium-term opportunity for uranium, this should zig-zag up nicely, over time.