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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
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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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