Atlas Iron gets over 90 percent in two and a half weeks

Wednesday, 21 September 2011 11:54:48 (GMT+3)   |  
       

Australian miner Atlas Iron has announced that as of Tuesday, September 20 it has received acceptances for its off-market takeover bid for emerging Australian mineral exploration company FerrAus which entitle Atlas to a relevant interest in 94.95 percent of FerrAus ordinary shares.

According to the company statement, if Atlas is entitled to compulsorily acquire the outstanding FerrAus ordinary shares at the close of the offer on October 5, 2011, it intends to proceed with compulsory acquisition of those FerrAus ordinary shares and any FerrAus ordinary shares which come into existence within the period of six weeks after Atlas gives the compulsory acquisition notice.
 
Atlas achieved to get over 90 percent in two and a half weeks after the takeover offer opened


Similar articles

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials