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French nuclear power company Areva has made an agreed all-cash offer for Aim-traded uranium miner UraMin of $7.75 (389p) per share.
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UraMin shareholders will also receive a dividend in the form of Niger Uranium shares.
Areva has a head start as technical advisor to UraMin, so a competing offer looks unlikely. Cannacord Adams sees the cash offer plus Niger Uranium shares being worth 400p. So UraMin shares at 403p look high enough, if you don't own them already.
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-IC-1.5.0d-prod - 07/10/2008 17:37:17 - FurseJ
