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Cameco trumps Rio bid for Hathor

JUST when Cameco looked like it had accepted defeat in the battle for Hathor Exploration, the company has upped its bid to $C4.50 ($A4.40) per share, 8.4% higher than Rio Tinto's rival bid.

Kristie Batten
Cameco trumps Rio bid for Hathor

The increased offer values Hathor at $625 million, as opposed to Rio’s $578 million friendly offer. Cameco first made its $3.75 per share hostile bid in late August, which was ferociously opposed by...

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