Fission Uranium (TSE:FCU) has released an update.
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Paladin Energy is set to acquire Fission Uranium in a definitive arrangement that will see Fission shareholders receive 0.1076 Paladin shares for each Fission share, implying a 25.8% premium over Fission’s closing price as of June 21, 2024. The transaction, which values Fission Uranium at approximately C$1.14 billion and is recommended by Fission’s board, is expected to close in the third quarter of 2024, resulting in Fission shareholders owning 24% of the merged entity.
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