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Hancock breaks through 90% in battle for Atlas

HANCOCK Prospecting now owns more than 90% of Atlas Iron and will move to compulsory acquisition.

Kristie Batten
Gina Rinehart

Gina Rinehart

Hancock first launched its A4.2c per share bid in June, which then valued Atlas at $390 million. But it had to contend with major shareholder Fortescue Metals Group's reluctance to sell into the offer....

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