Osler Reps Cameco In $528M Hostile Bid For Hathor

Law360, New York (August 26, 2011, 2:20 PM EDT) -- Cameco Corp. on Friday launched a $528 million hostile bid for fellow Canadian uranium producer Hathor Exploration Ltd. after the Hathor board flatly spurned the proposal.

Cameco, a leading uranium producer, is taking its $3.81 per share offer directly to Hathor stockholders as it eyes the junior company’s assets in the Athabasca Basin in Saskatchewan, primarily the Roughrider deposit, a major high-grade uranium find.

"Our offer provides Hathor shareholders an opportunity to receive an immediate and substantial premium for their shares and eliminate the inherent risks...
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