18
Jun
15:55
Hancock tables off-market bid for Atlas Iron
Australia’s Hancock Prospecting tabled an off-market takeover bid for Atlas Mining on 18 June in the latest development in the acquisition chase for the iron ore minor. Hancock had already acquired 19% of Atlas’ shares previously (see Kallanish 13 June).
The bid by Redstone Corporation, a wholly-owned subsidiary of Hancock Prospecting owned by Gina Reinhardt, is for AUD 0.042/share ($0.031/share). Atlas had already reached agreement with Mineral Reso…
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Very good overview of the weekly steel market.
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