The proposed transaction was announced by President Raymond Larson who cautioned it is still contingent upon negotiation and execution of definitive agreements and various other conditions.
The acquiring company will be carrying out a review of all Uranium Resources’ business, properties and reserves, plus its environmental, financial, legal and accounting matters. As it stands now, the acquisition price is $2.55(US) per share.
Dallas-based Uranium Resources produces uranium in South Texas using in situ mining techniques.
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