A PYMNTS Company

Australia: Court approves Anatolia, Uranium Resources merger

 |  October 25, 2015

The Federal Court of Australia has approved a merger between ASX-listed Uranium Resources and Anatolia Energy.

Anatolia shareholders would receive 0.065 Uranium Resources shares for every Anatolia share, while Anatolia performance shareholders would receive one Uranium Resources performance share for each share held. On completion of the merger, Anatolia shareholders would hold a 40.6% interest in the combined entity and Uranium Resources shareholders the balance.

The Federal Court approval would now be filed with the Australian Securities and Investment Commission, at which time the scheme of arrangement would take effect.

Full content: Mining Weekly

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.