|Bid||66.50 x 800|
|Ask||67.91 x 1100|
|Day's Range||66.43 - 68.06|
|52 Week Range||59.58 - 91.09|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||5.15|
|Forward Dividend & Yield||7.93 (11.50%)|
|Ex-Dividend Date||Mar 10, 2022|
|1y Target Est||78.39|
Canada's Turquoise Hill Resources Ltd said on Wednesday Rio Tinto will provide it interim debt funding of up to $400 million while it evaluates the Anglo-Australian miner's $2.7 billion bid for the company. Rio Tinto in March had proposed to buy out the 49% of Turquoise Hill it does not already own for about $2.7 billion in cash, paving the way for direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia. However, the offer has seen opposition from major Turquoise Hill shareholders, including activist investor Pentwater Capital Management, who said the offer was too low.
LONDON, May 18, 2022--Rio Tinto has agreed to amend the previously agreed funding plan with Turquoise Hill Resources (TRQ) (9 April, 2021) in order to provide liquidity of up to $400 million in short-term early advances, while the Special Committee of TRQ evaluates Rio Tinto’s C$34 per share all-cash proposal to acquire the approximately 49% of the issued and outstanding shares of TRQ that Rio Tinto does not currently own.
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