FMG buys potential blocking stake in Atlas

FORTESCUE Metals Group has acquired a 19.9% stake in Atlas Iron and says it will not support a planned takeover of the company by Mineral Resources.

FMG buys potential blocking stake in Atlas FMG buys potential blocking stake in Atlas FMG buys potential blocking stake in Atlas FMG buys potential blocking stake in Atlas FMG buys potential blocking stake in Atlas

The company said this morning that it had paid A4c per share for a 15% stake in Atlas.

The purchase price represents a 25% premium to Atlas' closing price yesterday.

topics

loader