Paladin Energy Ltd (AU:PDN) has released an update.
Paladin Energy Ltd has announced a definitive agreement to acquire Fission Uranium Corp, offering Fission shareholders a 30.0% premium on their shares. The merger is set to establish Paladin as a leader in clean energy, with a diversified uranium mining presence and a multi-asset production plan by 2029. The transaction, which is expected to close in the September 2024 quarter, will result in Fission shareholders owning 24% of the expanded Paladin entity with a pro-forma market cap of about US$3.5 billion.
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