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Flinders Mines Limited ( (AU:RHK) ) has shared an announcement.
Fortescue Ltd, along with its associates FMG Pilbara Pty Ltd and Tattarang Pty Ltd, has increased its voting power in Red Hawk Mining Limited (RHK) from 79.29% to 84.70%. This increase was achieved through an off-market takeover bid and on-market purchases of RHK shares, which were priced at $1.20 each. The acquisition further consolidates FMG’s influence over Red Hawk Mining, potentially impacting the company’s strategic direction and its stakeholders.
More about Flinders Mines Limited
YTD Price Performance: 44.00%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €154.1M
For a thorough assessment of RHK stock, go to TipRanks’ Stock Analysis page.