Rio trumped by Cameco in bid for Hathor
November 15, 2011 6:51AM
CAMECO has sweetened its offer for Vancouver-based Hathor Exploration to $C4.50 a share, or $C625 million, topping a rival offer from mining giant Rio Tinto.
The bidding war for Hathor, which holds one of the world's largest undeveloped uranium deposits, comes as uranium producers are competing to pick up assets after market valuations dropped earlier this year thanks in big part to Japan's tsunami and earthquake-wracked nuclear industry.
Rio trumped by Cameco in bid for Hathor November 15, 2011 6:51AM...
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