Flinders Mines Limited ( (AU:RHK) ) has shared an update.
Flinders Mines Limited has announced that The Todd Corporation Limited and its subsidiaries, collectively known as the Todd Group, have ceased to be substantial holders in Red Hawk Mining Limited. This change occurred as a result of TIO (NZ) Limited, a part of the Todd Group, accepting an off-market takeover bid by Fortescue Ltd through FMG Pilbara Pty Ltd. The transaction involved the disposal of 121,314,459 ordinary shares at $1.20 per share. This development indicates a significant shift in the ownership structure of Red Hawk Mining Limited, potentially impacting its strategic direction and stakeholder interests.
More about Flinders Mines Limited
YTD Price Performance: 46.17%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €154.5M
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