AI assistant
MINERAL RESOURCES LIMITED — M&A Activity 2018
Jun 20, 2018
65337_rns_2018-06-20_1efbf8a8-a179-4f65-9bda-d9be09662d4f.pdf
M&A Activity
Open in viewerOpens in your device viewer
21 June 2018
MinRes terminates Scheme Im lementation Deed p
Atlas Iron Limited (“Atlas”) (ASX: AGO) refers to its announcement dated 21 June 2018 advising that a majority of the Atlas Board has withdrawn its recommendation of a scheme of arrangement with Mineral Resources Limited (“MinRes”) following receipt of a takeover bid from Redstone Corporation Pty Ltd, a wholly-owned subsidiary of Hancock Prospecting Pty Ltd.
MinRes has now terminated the Scheme Implementation Deed between Atlas and MinRes with immediate effect.
Termination of the Scheme Implementation Deed does not affect the Company’s liability to pay a break fee of $3.12 million to MinRes.
Investor Enquiries:
Atlas Iron Limited Company Secretary +61 8 6228 8000 Media Enquiries: Read Corporate +61 8 9388 1474 Paul Armstrong +61 421 619 084
==> picture [595 x 79] intentionally omitted <==