I had a good laugh when this dog of a deal was announced.
TORONTO, ONTARIO–(Marketwired – Oct 13, 2015) – Denison Mines Corp. (DML.TO)(NYSE MKT:DNN) (“Denison”) and Fission Uranium Corp. (FCU.TO)(FCUUF)(2FU.F) (“Fission”)
have terminated the previously announced arrangement agreement pursuant
to which Denison and Fission were to combine their respective
businesses by way of a court-approved plan of arrangement (the “Arrangement”).
At the deadline for submission of proxies on Friday, Denison’s
shareholders strongly supported the Arrangement. While a majority of the
Fission shares voted were in favour of the Arrangement, the required
two-thirds approval was not obtained.
An object lesson in how managerial greed and mediocrity strips value away from shareholders.