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The latest update is out from Flinders Mines Limited ( (AU:RHK) ).
Red Hawk Mining Limited, listed on the ASX, has seen Fortescue Ltd, through its subsidiary FMG Pilbara Pty Ltd, acquire over 90% of its shares. As a result, Fortescue has initiated a compulsory acquisition process under the Corporations Act 2001, with Red Hawk set to be removed from the ASX official list. Shareholders are advised to accept Fortescue’s offer of $1.20 per share by March 3, 2025, to receive compensation sooner rather than waiting for the compulsory acquisition process to complete.
More about Flinders Mines Limited
YTD Price Performance: 45.16%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €153.9M
For a thorough assessment of RHK stock, go to TipRanks’ Stock Analysis page.
