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Flinders Mines Limited ( (AU:RHK) ) just unveiled an announcement.
Red Hawk Mining Limited, listed on the ASX, has released a Target’s Statement in response to an off-market takeover offer from FMG Pilbara Pty Ltd, a subsidiary of Fortescue Ltd. The offer proposes $1.05 per Red Hawk share with a potential increase to $1.20 if FMG achieves a 75% interest in Red Hawk shares. The directors of Red Hawk unanimously recommend shareholders accept the offer, deemed fair and reasonable by an independent expert, in the absence of a superior proposal.
More about Flinders Mines Limited
YTD Price Performance: -8.06%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €98.46M
For detailed information about RHK stock, go to TipRanks’ Stock Analysis page.