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By Scott Kanowsky
Investing.com -- Rio Tinto PLC (LON:RIO) has agreed to a proposed $3.3B buyout of Canadian partner Turquoise Hill (TSX:TRQ), ending a drawn-out negotiation over a purchase that would see the Anglo-Australian miner assume direct control over a massive copper mine in Mongolia.
Rio described its proposed bid of 43 Canadian dollars (C$) a share for the remaining 49% stake in Turquoise Hill it does not already own as its "best and final offer." It implies a 67% premium to Turquois...
>>> Read more: Rio Tinto Agrees to $3.3B Purchase of Remaining Turquoise Hill Stake
Investing.com -- Rio Tinto PLC (LON:RIO) has agreed to a proposed $3.3B buyout of Canadian partner Turquoise Hill (TSX:TRQ), ending a drawn-out negotiation over a purchase that would see the Anglo-Australian miner assume direct control over a massive copper mine in Mongolia.
Rio described its proposed bid of 43 Canadian dollars (C$) a share for the remaining 49% stake in Turquoise Hill it does not already own as its "best and final offer." It implies a 67% premium to Turquois...
>>> Read more: Rio Tinto Agrees to $3.3B Purchase of Remaining Turquoise Hill Stake
