M&A - CAMECO CORP

Form Type: CORRESP

Filing Date: 2024-12-18

Corporate Action: Acquisition

Type: Update

Accession Number: 000119312524281333

Filing Summary: Cameco Corporation filed a response to comments from the SEC regarding their Form 40-F for the fiscal year ended December 31, 2023. The document addresses initial discrepancies in the presentation of the purchase price and related allocations for their 49% equity method investment in Westinghouse, which was acquired for $2.14 billion (USD). The acquisition carrying value includes the capitalization of acquisition costs, accounted for under IAS 28. The finalized valuation of acquired assets and liabilities will be disclosed in their 2024 annual filing. Key financials include a purchase price of CAD 3,028,977 and subsequent impacts of post-acquisition activities and foreign exchange translation adjustments. The letter concludes with an invitation for further inquiries regarding the response.

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