Articles Tagged "Acquisition"

Denison Mines to Buy Fission Energy for $70 Million, Spin Out Select Assets

Uranium – Denison Mines Corp. (TSX:DML,AMEX:DNN) announced that it will acquire Fission Energy Corp. (TSXV:FIS), whose assets include a 60-percent interest in the Waterbury Lake uranium project and interests in two Namibian joint ventures. As a condition of the acquisition, a select number of Fission's assets will be spun out into a new company; this new company's assets will include a 50-percent interest in the Athabasca Basin-based Patterson Lake South property.

Alamos Gold Plans Purchase of Aurizon Mines for C$780 Million

Gold – Alamos Gold Inc. (TSX:AGI) announced that it has put forward an offer to acquire all of Aurizon Mines Ltd.'s (TSX:ARZ,AMEX:AZK) outstanding shares for about C$780 million in cash and stock. The offer values Aurizon at $4.65 per share and will remain open until February 19, 2013 at 5:00 p.m. EST.

Freeport-McMoRan Takes a Dive as Investors Question Motives for Big Acquisitions

Copper – Freeport-McMoRan’s plan to buy Plains Exploration & Production, as well as its former sister firm, McMoRan Exploration, wasn’t likely to get shareholder praise as it adds $20 billion to the company's debt and is comprised of hard-to-swallow premiums. Added to these factors is the web of connections between the firms: history, ownership, board members and executive gains related to the deal. If the company had struck a sweeter deal, investors might have looked the other way at corporate impropriety. Instead, they may be irate enough to try stopping it.