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Flinders Mines Limited ( (AU:RHK) ) has provided an announcement.
FMG Pilbara Pty Ltd, a wholly-owned subsidiary of Fortescue Ltd, has announced an off-market takeover bid for all the shares of Red Hawk Mining Limited. The offer includes a cash consideration of $1.05 per Red Hawk share, potentially increasing to $1.20 if FMG Pilbara secures a 75% interest before February 4, 2025. The Red Hawk Board has unanimously recommended accepting the offer in the absence of a superior proposal and subject to the Independent Expert’s conclusion on its fairness and reasonableness.
More about Flinders Mines Limited
YTD Price Performance: -8.06%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €98.46M
See more data about RHK stock on TipRanks’ Stock Analysis page.
