M&A

Turquoise Hill shareholder wants more from Rio

TURQUOISE Hill Resources minority shareholder SailingStone Capital Partners has rejected Rio Tinto's "opportunistic" C$43 a share offer for the 49% stake Rio Tinto does not already own in the Canadian copper miner.

 Turquoise Hill shareholder rejects Rio

Turquoise Hill shareholder rejects Rio

SailingStone's rejection could potentially lead to a higher offer if other minority shareholders also reject Rio Tinto's offer. "The proposal does not adequately compensate minorities for their economic...

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