Australian miner Atlas Iron has announced that as of Friday, September 16 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 76.80 percent of FerrAus ordinary shares.
Atlas also reminded FerrAus shareholders that if they accept Atlas Iron's offer of one Atlas share for every four FerrAus shares prior to the close of trading on Wednesday, September 21, 2011, they will be entitled to receive Atlas Iron's A$0.03 dividend per share, payable on October 10, 2011