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0.00% 4.5¢ atlas iron limited

June 7 (Reuters) - Fortescue Metals Group Ltd (FMG) : FORTESCUE...

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    07/06/18
    11:55
    Post #: 33558508

    June 7 (Reuters) - Fortescue Metals Group Ltd (FMG) :

    • FORTESCUE ANNOUNCES ACQUISITION OF A STAKE IN ATLAS IRON,AGO
    • CO DOES NOT INTEND TO SUPPORT PROPOSED SCHEME OF ARRANGEMENT BETWEEN ATLAS IRON AND MINERAL RESOURCES
    • AS A RESULT, FORTESCUE HAS AN AGGREGATE PHYSICAL AND ECONOMIC INTEREST IN 19.9% OF ATLAS IRON'S ORDINARY SHARES
    • FORTESCUE METALS - CO ALSO HAS ECONOMIC INTEREST THROUGH A CASH SETTLED SWAP RELATING TO NOTIONAL SHARES FOR ABOUT 4.9% OF ATLAS'S ORDINARY SHARES
    • TO ACQUIRE 15.0% STAKE IN ATLAS IRON LIMITED AT A PRICE OF A$0.04 PER SHARE
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