A PYMNTS Company

Canada: Denison Mines, Fission Uranium call off $483 million merger

By  |  October 13, 2015

Canadian uranium miner Denison Mines Corp and Fission Uranium Corp said they have terminated their C$483 million merger agreement due to opposition from Fission’s shareholders.

While a majority of the Fission shares voted in favor of the purchase by Denison, the required two-thirds approval was not obtained, the companies said in a statement.

At the deadline for submission of proxies on Friday, Denison’s shareholders strongly supported the arrangement.

Full content: Financial Post

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.