Fortescue’s FMG Pilbara Launches $1.05 Cash Takeover Bid for Red Hawk Mining

middle.news 7:03pm on Monday 2nd of June, 2025 AEST • Mining Read Story

Fortescue’s FMG Pilbara Launches $1.05 Cash Takeover Bid for Red Hawk Mining

7:03pm on Monday 2nd of June, 2025 AEST Key Points FMG Pilbara offers $1.05 per Red Hawk share, rising to $1.20 if 75% stake acquired by Feb 4 Red Hawk Board unanimously recommends acceptance, subject to no superior proposal Offer represents a 29% premium to 30-day VWAP and 28% premium to last closing price Bidder holds 19.99% relevant interest via call options with major shareholders TIO and OCJ Read Story

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