Hathor’s board recommends Rio Tinto’s offer of Can$654 million
Hathor Exploration's (TSE:HAT) board recommends that shareholders accept Rio Tinto's (LON:RIO) all-cash offer of Can$654 million.
Rio Tinto increased its all-cash offer to acquire all of the outstanding common shares of Hathor to $4.70 per share.
The offer represents a premium to Cameco Corporation's previous offer of Can$4.50 per common share.