But Bell Rock, the London hedge fund agitating against the company, is demanding the proposed purchase of the BHP operations be put to a shareholder vote.
The company said it was “participating in the sale process” for the coking coal operations after a major investor accused it of keeping the market in the dark.
Leadership Doubts Threaten Fortescue Founder s Green Reinvention bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Three years after he first embarked on a mission to transform an iron ore giant into a clean-energy powerhouse, Fortescue Metals Group Ltd. founder Andrew Forrest is facing a governance storm that may yet imperil his green ambitions.Most Read from BloombergApple’s 2-Day Slide Nears $200 Billion on China IPhone CurbsTrudeau Says There’s No Room for Political Rapprochement With ChinaHong Kong Shuts Down City After Heaviest Rainfall On RecordChina Seeks to Broaden iPhone Ban to State