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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
Collecting participants…

Cameco Corp

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, min...

    Ticker
    CCJ.US
    ISIN
    CA13321L1085
    CIK
    1009001
    Sector
    Energy
    Industry
    Uranium
    Country
    USA
    Address
    2121-11th Street West, Saskatoon, SK, Canada, S7M 1J3