Analyst Research Report Snapshot

Title:

Halyk Finance: Uranium One - ARMZ to take Uranium One private

Price:

$23.00

Provider:

Halyk Finance

Date:

15 Jan 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

UUU.TO

Available for Immediate Download
Summary:

Today, Uranium One announced that it has entered into a definitive agreement with JSC Atomredmetzoloto (ARMZ) and its affiliate under which the company would be taken private. ARMZ made a cash offer of CDN$1.3bn for the 48.6% stake, which is owned by minority shareholders. The offer values Uranium One shares at CDN$2.86 or at a 32% premium to the 20-day volume weighted average price and in line with our 12M target price of CDN$2.9. The Board of Directors supported the offer and recommended that the shareholders accepted it. The company expects to close the transaction in 2Q2013. We recommend that the shareholders accept the offer as it presents an attractive opportunity to cash out at what appears to be a fair price based on publicly available information.

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