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CCJ.US
id: 408
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.
Case Status
Attorney Investigation
Alleged Offence
Financial Misrepresentation,
Malpractice,
Breach of Fiduciary duty
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10/12/2022