BREAKFAST DEALS: Extract fans

Uranium miner Extract Resources is expecting a takeover bid, while more big names eye Fairfax.

The global uranium industry is slowly, but surely, shaking off the stigma from the Fukushima nuclear power disaster and getting on with it. While the price of uranium is still in check, China is continuing to work towards securing supply and Australia’s Extract Resources looks certain to benefit. It’s expected that Extract will update the market sometime today about the takeover that’s assumed to be coming from China Guangdong Nuclear Power Corp, now that it has secured Extract’s 43 per cent shareholder Kalahari Minerals. Elsewhere, two other big names have reportedly given Fairfax Media the once-over. Meanwhile, Austar is lawyering up to get its meeting over the Foxtel takeover delayed, Royal Dutch Shell is now seriously targeting an exit from Woodside Petroleum and some PaperlinX shareholders have had it with the board, calling for an EGM.

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