BRIEF-Fortescue To Acquire Red Hawk Mining

Reuters

01-28

BRIEF-Fortescue To Acquire Red Hawk Mining

Jan 28 (Reuters) - Fortescue Ltd FMG.AX:

FORTESCUE TO ACQUIRE RED HAWK MINING
CASH CONSIDERATION OF A$1.05 PER SHARE
INCREASED OFFER PRICE IMPLIES A FULLY DILUTED EQUITY VALUE FOR RED HAWK OF A$254 MILLION
RED HAWK BOARD UNANIMOUSLY RECOMMEND THAT RED HAWK SHAREHOLDERS ACCEPT OFFER
OFFER PRICE WILL BE INCREASED TO A$1.20 IN CASH PER RED HAWK SHARE IF BIDDER BUYS RELEVANT STAKE IN 75 PER CENT OR MORE OF RED HAWK SHARES

Further company coverage: FMG.AX

((Reuters.Briefs@thomsonreuters.com;))

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