Unite with Fellow Investors
Choose the Best Attorney
Follow Case Progress
id: 408, Created by Stan Vick, Scout
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
On October 12, 2022, Cameco (CCJ) lost about $1.4 billion of its capitalization after agreeing along with Brookfield Renewable Partners to acquire Westinghouse Electric.
According to the deal details, the total enterprise value for Westinghouse is nearly $7.9 billion, the companies said, which includes about $4.5 billion in equity and the rest in debt. Cameco will own 49% and Brookfield Renewable (BEP), along with its institutional partners, will own a 51% interest in Westinghouse.
Taking valuation, deal timing, and market reaction into account, investors have grounds to suspect that the Company does not act in the best interests of its current shareholders by conducting this deal.
Breach of Fiduciary duty
Shock Event Date
12 October 2022