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Fortescue’s $254M Bid for Red Hawk Mining Wins Board’s Unanimous Backing
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Fortescue’s $254M Bid for Red Hawk Mining Wins Board’s Unanimous Backing
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Fortescue offers $1.05 per share with a potential increase to $1.20
Offer represents up to 48% premium over recent trading prices
Red Hawk Board unanimously recommends acceptance of the offer
Offer is unconditional except for no prescribed occurrences
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