Australia's Toro Energy climbs after court approves IsoEnergy deal
15/06/2026 05:39
BUZZ-Australia's Toro Energy climbs after court approves IsoEnergy deal ** Shares of Australia's Toro Energy TOE.AX rise as much as 9.7% to A$0.510, their biggest gain since June 3
** Uranium explorer says that the Federal Court of Australia made orders approving the scheme of arrangement for the acquisition of 100% of Toro by a unit of Canada-based uranium firm IsoEnergy ISO.TO
** TOE said in October that IsoEnergy will acquire all outstanding shares of Toro at an equity value of about A$75 million ($53.09 million)
** Around 373,300 shares change hands, nearly 1.2x 30-day average
** TOE up 13.6% YTD
($1 = 1.4126 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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