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FMG buys potential blocking stake in Atlas

FORTESCUE Metals Group has acquired a 19.9% stake in Atlas Iron and says it will not support a planned takeover of the company by Mineral Resources.

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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