Turquoise Hill Resources Ltd. (TRQ)
- Baystreet
Maxar, Turquoise Hill Hit 52-Week Highs on Mergers
Maxar Technologies (T.MAXR) hit a new 52-week high of $69.75 Friday. Maxar announced Friday that it ...
- Reuters
UPDATE 1-Rio Tinto completes $3.3 bln Turquoise Hill deal for larger share in Mongolia project
Rio Tinto Ltd said on Friday it had completed its long drawn-out acquisition of remaining 49% stake in Turquoise Hill Resources, giving the Anglo-Australian firm a 66% stake in Mongolia's Oyu Tolgoi, the world's largest known copper and gold deposit. Turquoise Hill shareholders last week voted in favour of Rio Tinto's $3.3 billion bid to take the Canadian company private after months of back and forth. Minority shareholders were against the deal over valuation, and no. 2 shareholder Pentwater Capital Management accused Rio of concealing delays and huge cost overruns at Oyu Tolgoi.
- Reuters
Rio Tinto completes $3.3 billion Turquoise Hill deal for larger share in Mongolia project
Turquoise Hill shareholders last week voted in favour of Rio Tinto's $3.3 billion bid to take the Canadian company private after months of back and forth. Minority shareholders were against the deal over valuation, and no. 2 shareholder Pentwater Capital Management accused Rio of concealing delays and huge cost overruns at Oyu Tolgoi.
