Red Hawk (RHK AU): Fortescue Secures 78% And Bumps to A$1.20/Share

• Back on the 28th January, Fortescue Metals (FMG AU) launched a A$1.05/share off-market Offer for Red Hawk Mining (RHK AU), increasing to A$1.20/share if securing 75% of shares out.

• Red Hawks has announced Fortescue now has 78%, and has bumped terms to A$1.20/share. The Offer remains subject to "no prescribed occurrences", which should be waived by the 17th Feb.

• The Offer remains open until the 3 March. Unless extended. Fortescue intends to delist Red Hawk.