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Flinders Mines Limited ( (AU:RHK) ) has shared an announcement.
Flinders Mines Limited, through its subsidiary FMG Pilbara Pty Ltd, has launched an off-market takeover bid to acquire all fully paid ordinary shares of Red Hawk Mining Limited (ASX: RHK) at a proposed price of $1.05 per share, potentially increasing to $1.20. This move, facilitated by Macquarie Securities (Australia) Limited as the broker, is set to occur during normal ASX trading hours and aligns with the ASIC Market Integrity Rules, potentially impacting Red Hawk’s market positioning and stakeholder interests.
More about Flinders Mines Limited
YTD Price Performance: -8.06%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €98.46M
For an in-depth examination of RHK stock, go to TipRanks’ Stock Analysis page.