Brief: Fortescue To Acquire Red Hawk Mining
28/01/2025 01:11
Jan 28 (Reuters) - Fortescue Ltd FMG.AX :
* FORTESCUE TO ACQUIRE RED HAWK MINING
* CASH CONSIDERATION OF A$1.05 PER SHARE
* INCREASED OFFER PRICE IMPLIES A FULLY DILUTED EQUITY VALUE
FOR
RED HAWK OF A$254 MILLION
* RED HAWK BOARD UNANIMOUSLY RECOMMEND THAT RED HAWK
SHAREHOLDERS
ACCEPT OFFER
* OFFER PRICE WILL BE INCREASED TO A$1.20 IN CASH PER RED
HAWK
SHARE IF BIDDER BUYS RELEVANT STAKE IN 75 PER CENT OR MORE OF
RED HAWK SHARES
Further company coverage: FMG.AX
((Reuters.Briefs@thomsonreuters.com;))
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