18
Nov
18:47
Rio Tinto seeks Turquoise Hill shareholder vote on original deal
Rio Tinto says it has cancelled deals with Turquoise Hill Resources’ dissident shareholders who opposed the CAD $43/share ($32.70/share) sale price and will proceed with seeking Turquoise Hill shareholder approval of the original $3.3 billion deal, Kallanish reports.
Rio Tinto terminated the 1 November agreement with minority shareholders Pentwater Capital and SailingStone Capital. Rio Tinto had been negotiating with the special committee of Turquoise Hill o…
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Anonymous
Very good overview of the weekly steel market.
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