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Flinders Mines Limited ( (AU:RHK) ) has issued an announcement.
Fortescue Ltd and its associated entities, including FMG Pilbara Pty Ltd and Tattarang Pty Ltd, have increased their voting power in Red Hawk Mining Limited from 66.23% to 78.00% through an off-market takeover bid. This acquisition was part of FMG Pilbara’s strategic move, with the share price rising to $1.20 due to the increased relevant interest, marking a significant consolidation of control over Red Hawk Mining, potentially impacting stakeholders and the company’s future operations.
More about Flinders Mines Limited
YTD Price Performance: 41.13%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €143M
For a thorough assessment of RHK stock, go to TipRanks’ Stock Analysis page.
