Paladin Energy to Acquire Fission Uranium

 


Paladin Energy Limited and Fission Uranium Corp. have announced a definitive arrangement agreement where Paladin will acquire all of Fission's shares. Fission shareholders will receive 0.1076 fully paid shares of Paladin for each Fission share. This represents an implied value of C$1.30 per Fission Share, an implied equity value of C$1,140 million, a 25.8% premium to the closing price of Fission Shares on the TSX on 21 June 2024, and a 30.0% premium to the 20-day Volume Weighted Average Price of the Fission Shares on the same date. After the Transaction, Fission shareholders will own 24.0% of Paladin, with a pro-forma market capitalisation of approximately US$3.5 billion. Paladin has applied for listing of the Paladin Shares on the Toronto Stock Exchange. Fission's Board of Directors recommends that shareholders vote in favor of the Transaction. Cantor Fitzgerald and SCP Resource Finance have provided opinions supporting the fairness of the Offer Consideration.


More Information : https://www.techdogs.com/tech-news/pr-newswire/paladin-energy-to-acquire-fission-uranium-creating-a-clean-energy-leader

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