Uranium Miner Cameco Agrees to Buy Stake in Nuclear Services Firm, Stock Drops



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: https://www.barrons.com/articles/cameco-stock-nuclear-acquisition-51665567852?siteid=yhoof2&yptr=yahoo