M&A

Hancock gains control of Atlas as FMG reduces stake

GINA Rinehart now controls more than half the shares in takeover target Atlas Iron, and has extended her offer to August 17 in a bid to mop up recalcitrant holders.

Hancock now has a controlling stake at Atlas.

Hancock now has a controlling stake at Atlas.

Hancock Prospecting now owns 56.07%, having added just over 10% since last week, with a large chunk of that likely to have come from rival Fortescue Metals Group. This morning FMG revealled it...

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