Gina Rinehart’s Hancock Prospecting will take full control of Atlas Iron by compulsory acquisition after her interest in the miner ticked over the 90 per cent threshold.
Remaining Atlas shareholders will receive 4.6¢-a-share for their scrip as per the latest sweetened bid, with the offer formally closing on Friday at 5pm.
Hancock will then move to have Atlas removed from the ASX, with the entity being swallowed into Hancock.
Gina Rinehart’s Hancock Prospecting will take full control of...
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Last
$5.50 |
Change
0.100(1.85%) |
Mkt cap ! $7.156B | |||
| Open | High | Low | Value | Volume |
| $5.40 | $5.52 | $5.36 | $7.247M | 1.331M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 8867 | $5.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.51 | 5248 | 11 |
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| Last trade - 12.59pm 02/09/2024 (20 minute delay) ? |
| YAL (ASX) Chart |