Cameco And Brookfield Receive Regulatory Approval To Acquire Westinghouse
Portfolio Pulse from Benzinga Newsdesk
Cameco and Brookfield Asset Management have received all necessary regulatory approvals for their joint acquisition of Westinghouse Electric Company. The transaction is expected to close on November 7. Cameco will finance its share of the acquisition using a $600 million term loan and available cash, and will not be utilizing the $280 million bridge commitment.
November 03, 2023 | 12:33 pm
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NEUTRAL IMPACT
Brookfield Asset Management's joint acquisition of Westinghouse with Cameco could potentially expand its portfolio and increase its revenue.
The acquisition could potentially expand Brookfield's portfolio and increase its revenue in the long term. The impact on the stock price in the short term is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Cameco's acquisition of Westinghouse, financed through a $600 million term loan, could potentially increase its debt but also expand its business.
The acquisition could increase Cameco's debt due to the term loan, but it could also potentially expand its business and revenue in the long term. The impact on the stock price in the short term is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100