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Fortescue Launches $254M Takeover Bid for Red Hawk Mining
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Fortescue Launches $254M Takeover Bid for Red Hawk Mining
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Fortescue offers A$1.05 per Red Hawk share, rising to A$1.20 with 75% acceptance
Offer represents up to 48% premium over Red Hawk’s 30-day VWAP
Red Hawk Board unanimously recommends acceptance, pending no superior bids
Acquisition includes Blacksmith Iron Ore Project with 243 million tonnes at 59.3% Fe
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