Cameco stock was tumbling after agreeing, along with Brookfield Renewable Partners to acquire Westinghouse Electric.
The companies will be forming a strategic partnership to acquire Westinghouse, the nuclear services business. Brookfield Renewable (BEP), along with its institutional partners, will own a 51% interest in Westinghouse, and uranium miner Cameco (CCJ) will own 49%.
Source: finance.yahoo.com
Related posts:
Most Retirees Shouldn’t Sell Stock Now. Here’s How to Know When It’s Necessary.
Strong Insider Buying Makes These 2 Stocks Attractive
Biden canceled billions in student debt, but what he plans to do next could have an even bigger impa...
A New Contender in Natural Gas
The Case for Holding—Not Selling—GE’s Healthcare Stock