The original US$2.7 billion bid was made in March.
The 18% higher new offer for the 49% of Turquoise Hill which Rio doesn't already own increases the deal to $3.
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A WEEK after the board of Turquoise Hill Resources knocked back a C$34 per share takeover offer from Rio Tinto, Rio has returned with an increased offer of $40 per share. has increased its offer to buy Turquoise Hill Resources to C$40 per share a week after its original C$34 per share unsolicited offer was knocked back as being “well below” where it should be. Rio launched a US$2.7 billion bid in March
The original US$2.7 billion bid was made in March.
The 18% higher new offer for the 49% of Turquoise Hill which Rio doesn't already own increases the deal to $3.
Turquoise Hill shareholder wants more from Rio
Rio gets Turquoise Hill bid over the line
Turquoise Hill agrees to increased Rio bid
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