Hannans warns of approaching Fox

TAKEOVER target Hannans Reward is evaluating an unsolicited takeover bid from Fox Resources and has urged shareholders to ignore Fox’s off-market bid as the nickel play seeks to snap up Hannans for close to $5.9 million.

Hannans warns of approaching Fox Hannans warns of approaching Fox Hannans warns of approaching Fox Hannans warns of approaching Fox Hannans warns of approaching Fox

Pilbara-focused Fox announced its takeover bid to market less than an hour before closing, saying it would offer Hannans shareholders one Fox share for every two they held.

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