Turquoise Hill Resources Ltd. (TRQ)
After hours:
- Bloomberg
Rio Tinto CEO Makes Clear That Offer Is Final on Giant Copper Mine
(Bloomberg) -- Rio Tinto Plc Chief Executive Jakob Stausholm made it clear Tuesday that its offer is final to take over a company that is behind one of the world’s largest copper mines.Most Read from BloombergHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTycoon's Wild $3 Billion Gamble on ‘China's LVMH’ CrashesFed Set to Reveal ‘Pain’ Coming in Next Stage of Inflation Fight‘Mute Your Phones’: Trump Special Master Hearing Descends Into ChaosSouthwest Mexico Struck by 7.5 Magnitu
- The Canadian Press
Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,385.88, down 174.28 points.) Baytex Energy Corp. (TSX:BTE). Energy. Unchanged at $6.56 on 26.8 million shares. New Gold Inc. (TSX:NGD). Mining. Up four cents, or 3.54 per cent, to $1.17 on 25.3 million shares. GoGold Resources Inc. (TSX:GGD). Mining. Up 24 cents, or 16.90 per cent, to $1.66 on 20.9 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down 44 cents, or 1.07 per cent
- The Canadian Press
Pentwater Capital Management increases stake in Turquoise Hill Resources
TORONTO — Pentwater Capital Management LP says it has increased its stake in Turquoise Hill Resources Ltd. to 13.77 per cent. The investment manager says it believes Rio Tinto's deal to take Turquoise Hill private undervalues the company and does not support the plan. Turquoise Hill announced a deal earlier this month that would see Rio Tinto, which already owns a 51 per cent stake in the company, acquire the rest of the miner for $43 per share in cash. The Turquoise Hill board has unanimously r
