Latest Delisting Risk News

Astral Resources NL has initiated an off-market takeover offer for Maximus Resources Limited, proposing one Astral share for every two Maximus shares. The Maximus Board unanimously recommends acceptance, highlighting a significant premium and strategic consolidation benefits.

Red Hawk Mining Limited has issued a Target’s Statement recommending shareholders accept Fortescue’s off-market takeover offer at $1.05 per share, rising to $1.20 if Fortescue secures 75% ownership. An independent expert confirms the offer is fair and reasonable, providing a significant premium and resolving funding uncertainties for Red Hawk’s Blacksmith Project.

FMG Pilbara Pty Ltd, a Fortescue subsidiary, has initiated an off-market takeover offer for Red Hawk Mining, proposing $1.05 per share with a potential increase to $1.20 contingent on acquiring a 75% stake. The Red Hawk Board unanimously endorses the bid, highlighting a significant premium and strategic implications for shareholders.