Monday 14 May 2012

Cameco buys German nuclear fuel company Nukem for $136-million

Cameco buys German nuclear fuel company Nukem for $136-million: http://www.theglobeandmail.com/globe-investor/cameco-to-acquire-german-nuclear-fuel-company-nukem-for-136-million/article2431948/ "Under the agreement, Cameco will pay Advent International and other Nukem shareholders $136 million and assume $164 million in net debt.
However, the company said Nukem is expected to significantly reduce the balance of the debt before the deal closes.
The agreement also includes provisions that will see Advent receive a share of Nukem’s future earnings if the company reaches certain performance targets until the end of 2014."

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