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Fortescue secures Red Hawk control

Todd sells out, but increased offer threshold still out of reach

Haydn Black
Fortescue secures Red Hawk control

Credits: Red Hawk

Andrew Forrest's Fortescue has secured control of Red Hawk Mining, with the ASX-listed iron ore junior's largest shareholder, Todd Corporation, accepting the A$1.05 per share cash offer. A possible...

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