Hancock raises takeover offer to increase Atlas Iron stake
Mining News Pro - Hancock Prospecting subsidiary Redstone Corporation will increase its price for Atlas Iron shares from 4.2 cents to 4.6 cents per share on the condition that its stake of the company increases from 77 per cent to 87 per cent by the close of the offer.
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Fortescue cuts Atlas Iron stake, to retain ‘substantial holding’
Mining News Pr - Iron-ore major Fortescue Metals on Monday said that it would retain a “substantial shareholding” in takeover target Atlas Iron, despite reducing its interest from 19.9% to 11.37%.
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