Atlas Iron has shed light on its shaky hold on prized berth space in Port Hedland in recommending that shareholders take Gina Rinehart's money and run.
In a Target's Statement issued on Monday, Atlas directors urged shareholders to embrace the $390 million all-cash Redstone offer funded by Mrs Rinehart's Hancock Prospecting.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
