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Hathor stocks trading high after Cameco’s takeover bid

Nov 15, 2011 | 1:29 PM

The bidding war is on for Hathor Exploration, a Vancouver based company, currently focused on northern Saskatchewan.

Saskatoon based Cameco sweetened their initial takeover offer by 20 per cent on Monday. Trumping the offer made by mining giant Rio Tinto.

“We’ve increased our offer for Hathor and our current offer is eight point four per cent above what Rio Tinto has offered for the company,” said Gord Struthers on behalf of Cameco.

As it stands Cameco is offering 4.5 cents a share in a bid that will expire Nov. 29.