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Uranium Energy raises UEX takeover offer, says now superior to Denison (NYSE:UEC)

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uranium energy (NYSE:UEC) announced late Friday that UEX Corp. (OTCQB:UEXCF) made a revised offer of 0.0890 of a common share of UEC for each UEX share held.

This was announced by Uranium Energy (UEC). The offer is valued at C$0.49 per UEX share based on Friday’s closing prices in New York and Toronto and is “superior to Denison’s offer in every respect”.

The company said its revised offer is a 7% improvement over the original exchange ratio and a higher financial consideration than the Denison (NYSE:DNN) Offer.

UEX (OTCQB:UEXCF) shareholders are scheduled to vote on the proposed acquisition of Uranium Energy (UEC) on August 9th.

Last week, Denison Mines (DNN) made an offer to UEX (OTCQB:UEXCF) in hopes of consolidating a 100% interest in its flagship Wheeler River project.

https://seekingalpha.com/news/3868494-uranium-energy-raises-uex-takeover-offer-says-now-superior-to-denison?utm_source=feed_news_all&utm_medium=referral Uranium Energy raises UEX takeover offer, says now superior to Denison (NYSE:UEC)

Russell Falcon

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