Denison had seemingly left the three-way contest to acquire UEX on August 8 after Uranium Energy submitted an improved offer that trumped Denison’s bid. On Monday, the Canadian miner, in a press release, had said that its proposal had expired.
But UEX, which has postponed the shareholder vote to August 15, said that it was still assessing the new offer it received and hasn’t yet determined whether it was a “superior proposal”. “At this time, the board has not changed its recommendation with respect to the pending transaction with UEC ,” UEX said in a press release late on Monday.Article content
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