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Friday, January 31, 2014

Deals of the day- Mergers and acquisitions, (NYSE: CCJ)

The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:** Swiss machinery manufacturer Sulzer AG agreed to sell its coatings unit Metco to peer Oerlikon for about 850 million Swiss francs ($949 million) in cash, as it seeks to focus on its three main businesses.** Uranium miner Cameco Corp said it has agreed to sell its interest in Bruce Power, a partnership that operates one of the world's largest nuclear generating facilities in Ontario, for C$450 million ($403 million).

Cameco Corporation (Cameco) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. Shares of CCJ fell by 3.55% or $-0.78/share to $21.22. In the past year, the shares have traded as low as $17.27 and as high as $23.19. On average, 1745270 shares of CCJ exchange hands on a given day and today's volume is recorded at 2729116.