AGO atlas iron limited
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News: AGO Atlas Iron Announces Further Conditional Increase To Hancock Offer

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    26/09/18
    08:45
    Post #: 35842877

    Sept 26 (Reuters) - Atlas Iron Ltd (AGO) :

    • FURTHER CONDITIONAL INCREASE TO HANCOCK OFFER
    • REDSTONE ADVISES THAT ITS VOTING POWER IN ATLAS HAS INCREASED TO 77.06%
    • REDSTONE SAYS OFFER PRICE WILL INCREASE TO 4.6 CENTS PER ATLAS SHARE IF ITS VOTING POWER INCREASES TO 87% OR MORE DURING OFFER PERIOD
    • ATLAS BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS ACCEPT HANCOCK OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
    • AS AT DATE OF THIS ANNOUNCEMENT, NO SUPERIOR PROPOSAL HAS EMERGED
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