Gina Rinehart’s Hancock Prospecting again lifts Atlas Iron offer to $427m

Original article by Stuart McKinnon
The West Australian – Page: Online : 27-Sep-18

Hancock Prospecting hopes to secure control of Atlas Iron with another revised takeover offer. Atlas shareholders will receive $0.046 per share if Hancock gains acceptances for 87 per cent of the iron ore miner’s stock. Hancock recently increased its offer to $0.0445 per share, which enabled it to lift its stake in Atlas to 77.06 per cent. The latest offer is slated to close on 2 October. Iron ore rival Fortescue Metals Group has an 11.4 per cent stake in Atlas.

CORPORATES
ATLAS IRON LIMITED – ASX AGO, HANCOCK PROSPECTING PTY LTD, FORTESCUE METALS GROUP LIMITED – ASX FMG, MINERAL RESOURCES LIMITED – ASX MIN

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