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Hancock bid free of conditions - Atlas

27th July 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Suitor Hancock Prospecting’s offer for iron-ore miner Atlas Iron has been declared unconditional.

Atlas on Friday said that shareholders who now accepted the Hancock offer could expect a pay-out within seven days of their acceptance.

An independent expert recently found that Hancock’s 4.2c-a-share offer for Atlas was both fair and reasonable, prompting the Atlas board to urge shareholder acceptance of the offer.

The offer will close on August 3.

Edited by Creamer Media Reporter

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