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Flinders Mines Limited ( (AU:RHK) ) has provided an update.
FMG Pilbara Pty Ltd, a subsidiary of Fortescue Ltd, is set to complete its takeover of Red Hawk Mining Limited by proceeding with a compulsory acquisition of the remaining shares it does not already own. Having acquired over 90% of Red Hawk’s shares, FMG Pilbara is exercising its rights under the Corporations Act to acquire the remainder, offering shareholders the same consideration as the original bid. This move consolidates FMG Pilbara’s position in the mining sector and provides existing Red Hawk shareholders with an opportunity to expedite their compensation by accepting the offer before the acquisition is finalized.
More about Flinders Mines Limited
Flinders Mines Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the extraction of various minerals and has a market focus on expanding its resource base and enhancing shareholder value.
YTD Price Performance: 45.16%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €153.8M
See more data about RHK stock on TipRanks’ Stock Analysis page.
