Australian miner Atlas Iron has announced that, as of the offer close date on Wednesday, October 5, 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 97.73 percent of FerrAus ordinary shares.
Atlas also stated that FerrAus shareholders whose acceptances were not received by the offer close date will have their shareholdings compulsorily acquired.