FMG Pilbara's off-market bid for Red Hawk Mining (ASX:RHK) was declared unconditional after the condition of the offer was fulfilled, according to a Tuesday Australian bourse filing.
FMG Pilbara is a unit of Fortescue Ltd (ASX:FMG), and it holds an 87.25% stake in Red Hawk Mining as of Tuesday.
The firm will send a payment to Red Hawk shareholders who accepted the offer, which is scheduled to close on March 3.
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