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Fortescue Metals Group Ltd ( (AU:FMG) ) has provided an announcement.
Fortescue Metals Group Ltd is making an off-market takeover bid for Red Hawk Mining Limited. The offer includes a base price of $1.05 per Red Hawk share, with a potential increase to $1.20 if FMG secures a 75% interest. Red Hawk’s directors recommend accepting the offer, deemed fair and reasonable by an independent expert.
More about Fortescue Metals Group Ltd
YTD Price Performance: 1.07%
Average Trading Volume: 9,304
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $36.39B
See more data about FMG stock on TipRanks’ Stock Analysis page.