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Flinders Mines Limited ( (AU:RHK) ) has provided an announcement.
FMG Pilbara Pty Ltd, a wholly-owned subsidiary of Fortescue Limited, has announced that its off-market takeover bid for Red Hawk Mining Limited has become wholly unconditional. The offer, initially subject to certain conditions, has now been freed of all defeating conditions, and FMG Pilbara now holds a 91.75% voting power in Red Hawk Mining. This development positions FMG Pilbara strategically in the mining sector, potentially influencing its market dynamics and stakeholder interests.
More about Flinders Mines Limited
YTD Price Performance: 45.00%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €155M
Find detailed analytics on RHK stock on TipRanks’ Stock Analysis page.