Rio Tinto on Thursday said it had succeeded in its takeover bid for Canadian uranium prospector Hathor and extended its offer by 10 days until Dec. 12 to mop up remaining outstanding shares. Canadian Cameco Corp his week backed out of a bidding war for Hathor, clearing the way for Rio Tinto's C$654 million friendly offer.
Cameco Corporation (Cameco) is a uranium producer and a provider of processing services required to produce fuel for nuclear power plants. Shares of CCJ traded higher by 8.29% or $1.45/share to $18.94. In the past year, the shares have traded as low as $16.59 and as high as $44.81. On average, 2483920 shares of CCJ exchange hands on a given day and today's volume is recorded at 4047482.
