M&A

Vimy concedes to new Deep Yellow uranium merger deal

JUST over four months after rejecting overtures from Deep Yellow, Vimy Resources has decided to accept a lesser headline offer from its uranium peer.

 Vimy MD Steven Michael (left) and Deep Yellow MD John Borshoff

Vimy MD Steven Michael (left) and Deep Yellow MD John Borshoff

Under the scrip deal, Vimy is now accepting an implied A28.5c per share versus the implied 30.25c rejected last November. However, proponents of the transaction point to Vimy now being set to own 47%...

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