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FMG buys potential blocking stake in Atlas

FMG acquires 19.9% stake in Atlas Iron and says it will not support planned takeover by MinRes

Kristie Batten
FMG buys potential blocking stake in Atlas

The company said this morning that it had paid A4c per share for a 15% stake in Atlas. The purchase price represents a 25% premium to Atlas' closing price yesterday. FMG added that it had an economic...

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