09
Oct
11:10
Hancock closes Atlas buy-out
Atlas Iron notified the Australian Stock Exchange on Tuesday that Hancock Prospecting has hit the 90% interest needed to trigger a compulsory buy out of the remaining shares. Hancock will now close its offer on Friday and end up with 100% control of Atlas, Kallanish notes.
Hancock will close the deal at AUD 0.046 per share, as per its latest bid price, an effective valuation of AUD 427 million ($302m). Shareholders will now have to transfer their share…
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Anonymous
Very good overview of the weekly steel market.
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