Deloitte backs Vimy-Deep Yellow merger

Deloitte backs Vimy-Deep Yellow merger

Deloitte has found Deep Yellow’s offer is fair Finance > M-a

The all-scrip deal, announced in March, would see the issue of 0.294 Deep Yellow shares for every Vimy Share, which would see Vimy shareholders own 47% of the merged group.

Deloitte estimates a fair value for Vimy of A20-28c.

At the time the deal to create one of the world’s largest uranium resource owners had an implied value of 28.5c per Vimy share. It raised $17 million at 17c just before the marriage was agreed to.The markets have proven volatile since the merger was announced, with the spot uranium price peaking at US$64.50 per pound and falling about 26% to a current level around $48/lb, with the shares of both uranium juniors also declining.Its fair value for the expanded Deep Yellow is between A69-92c.Deloitte noted that Deep Yellow’s shares have been particularly impacted because of its dependency on a […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet