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Red Hawk Mining Endorses FMG’s $1.20 Takeover Offer Amid 78% Stake

5:35pm on Sunday 1st of June, 2025 AEST Mining
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Red Hawk Mining Endorses FMG’s $1.20 Takeover Offer Amid 78% Stake

5:35pm on Sunday 1st of June, 2025 AEST
Key Points
  • FMG’s Relevant Interest in Red Hawk rises to approximately 78%
  • Offer price increased to $1.20 per share, representing a premium of up to 54%
  • Red Hawk directors unanimously recommend acceptance, pending no superior proposal
  • Potential risks highlighted for minority shareholders if offer is declined
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