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Flinders Mines Limited ( (AU:RHK) ) has issued an update.
FMG Pilbara Pty Ltd, a subsidiary of Fortescue Ltd, has made an increased offer of $1.20 per share for Red Hawk Mining Limited, following major shareholder acceptance. The offer, which now sees FMG holding 78% of Red Hawk shares, is set to become unconditional soon, with plans to delist Red Hawk from the ASX. The Red Hawk Board has recommended shareholders accept the offer, noting a 46% premium to the last traded price and stating that a superior proposal is unlikely to emerge.
More about Flinders Mines Limited
Red Hawk Mining Limited operates in the mining industry, primarily focusing on the extraction and development of mineral resources. The company is listed on the ASX under the ticker RHK and is headquartered in West Perth, Western Australia.
YTD Price Performance: 41.13%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €143M
For detailed information about RHK stock, go to TipRanks’ Stock Analysis page.
