Deals
Paladin to Buy Fission Uranium Amid Nuclear Renaissance
- All-share C$1.14 billion deal represents 26% premium to stock
- Atomic fuel has surged following Russia’s invasion of Ukraine
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Paladin Energy Ltd. agreed to buy Fission Uranium Corp. in a C$1.14 billion ($833 million) deal, as a surge in the nuclear fuel triggers a return to acquisitions in the previously sleepy sector.
Shares of Fission rose as much as 15% in Toronto, the biggest intraday increase for the Canadian company’s stock since September 2022.