FMG.ASX: Fortescue acquires 75 per cent of Red Hawk Mining Limited

Fortescue acquires 75 per cent of Red Hawk Mining Limited

Stock	Fortescue Ltd (FMG.ASX)
Release Time	5 Feb 2025, 9:20 a.m.
Price Sensitive	Yes

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Fortescue acquires 75% of Red Hawk Mining

Key Points

Fortescue makes off-market takeover bid for Red Hawk Mining
Fortescue has acquired over 75% of Red Hawk's shares
Offer price increased from A$1.05 to A$1.20 per Red Hawk share

Full Summary

Fortescue Ltd, through its wholly owned subsidiary FMG Pilbara Pty Ltd, has made offers under an off-market takeover bid for all of the fully paid ordinary shares in Red Hawk Mining Limited (Red Hawk, ASX: RHK). Fortescue is pleased to announce that it has, as of 4 February 2025, acquired a relevant interest in over 75 per cent of the fully paid ordinary shares in Red Hawk. Accordingly, as per the terms of the Offer, the offer price will be increased from A$1.05 to A$1.20 per Red Hawk Share (Increased Offer Price). Red Hawk shareholders who have already accepted the Offer will also receive the benefit of the Increased Offer Price. The Offer is scheduled to close at 7:00pm (AEDT) on Monday, 3 March 2025, unless otherwise extended or withdrawn.