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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (134965)	10/12/2022 9:41:37 AM
From: Goose94	Read Replies (1) of 202371

Cameco (CCO-T) is making a US$2.2-billion bet on the resilience of demand for nuclear energy in the global transition movement, as it teams up with Brookfield Renewable Partners to buy Westinghouse Electric Company from another branch of the Brookfield empire. The deal is worth US$4.5 billion (or almost US$7.9 billion when debt is taken into account) and will see Cameco emerge with a 49 per cent stake in the nuclear services company. We’ll address the motivation and the market reaction, which hasn’t been pretty for Cameco thus far; its NYSE-listed shares have been down about 10 per cent in extended trading (should be noted Cameco announced a US$650-million bought-deal share sale priced at a steep discount to yesterday’s closing price). BNN.ca

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