AGO atlas iron limited
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News: AGO Australia's Atlas backs Rinehart's $287 mln Hancock bid

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    29/06/18
    08:45
    Post #: 34027752

    June 29 (Reuters) - Australian iron ore miner Atlas Iron (AGO) on Friday unanimously recommended the A$390 million ($287 million) bid from Australian billionaire Gina Rinehart's Hancock Prospecting for the miner.

    The recommendation comes days after a unit of iron ore miner Fortescue Metals Group (FMG) requested to delay the bid, seeking further disclosures.

    Atlas said it expects the Hancock offer to open early next week.

    ($1 = 1.3617 Australian dollars)

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