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Flinders Mines Limited ( (AU:RHK) ) has provided an announcement.
Red Hawk Mining Limited, a company involved in mining operations, has received a binding off-market takeover offer from FMG Pilbara Pty Ltd, a subsidiary of Fortescue Ltd, to acquire up to 100% of its shares. The offer, recommended by Red Hawk’s board, presents shareholders with a significant premium over recent stock prices and is deemed fair and reasonable by an independent expert. This strategic move follows Red Hawk’s extensive engagement with potential partners and financiers, highlighting the offer as the most compelling option for value creation compared to independently developing its Blacksmith Project.
More about Flinders Mines Limited
YTD Price Performance: -8.06%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €98.46M
For detailed information about RHK stock, go to TipRanks’ Stock Analysis page.
