"Ultimately, Mineral Resources struck out the possibility of launching its own competing proposal, citing the massively inflated prices of assets in the Perth Basin and rolled into Hancock’s offer. The 40% acceptance condition was eventually met, and Hancock reached the 90% threshold to compulsorily acquire the remainder."
Never was going to be a competing offer from MIN ... Gina & Chris played it well
Ann: 2Q FY24 Quarterly Report & Appendix 5B, page-83
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