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Turquoise Hill top five investor rejects Rio Tinto’s bid

Posted by ipso facto @ 9:53 on September 2, 2022  

Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR), is ready to put the brakes on Rio Tinto’s intended $3.3 billion takeover of the Canadian miner as it says the offer does not “adequately compensate” minority shareholders.

Turquoise Hill top five investor rejects Rio Tinto’s bid

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.