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Fortescue Metals Group Ltd ( (AU:FMG) ) just unveiled an announcement.
FMG Pilbara Pty Ltd, a subsidiary of Fortescue Metals Group Ltd, has executed the dispatch of its bidder’s statement regarding an off-market takeover bid for all shares of Red Hawk Mining Limited. This strategic move, under the Corporations Act 2001, signifies Fortescue’s intention to expand its influence and holdings within the mining sector, potentially impacting its market positioning and the interests of Red Hawk’s shareholders.
More about Fortescue Metals Group Ltd
Fortescue Metals Group Ltd is a prominent player in the mining industry, primarily focused on the extraction and production of iron ore. The company is headquartered in Perth, Australia, and operates as a major supplier in the global iron ore market.
YTD Price Performance: 0.64%
Average Trading Volume: 9,110
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $36.3B
For detailed information about FMG stock, go to TipRanks’ Stock Analysis page.
