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By Dhirendra Tripathi
Investing.com â Turquoise Hill (NYSE:TRQ) stock surged 30% in premarket Monday after Rio Tinto Group (NYSE:RIO) offered to buy the 49% stake it doesnât already own in the company.
At C$34 in cash offer (around $26.5), Turquoise Hill is valued at about C$6.84 billion.
No agreement has been reached between the parties, and there can be no assurance that any transaction will result from these discussions, Rio Tinto said.
The companyâs purchase is expected to...
>>> Read more: Turquoise Hill Soars After Rio Tinto Offers to Buy Rest of It
Investing.com â Turquoise Hill (NYSE:TRQ) stock surged 30% in premarket Monday after Rio Tinto Group (NYSE:RIO) offered to buy the 49% stake it doesnât already own in the company.
At C$34 in cash offer (around $26.5), Turquoise Hill is valued at about C$6.84 billion.
No agreement has been reached between the parties, and there can be no assurance that any transaction will result from these discussions, Rio Tinto said.
The companyâs purchase is expected to...
>>> Read more: Turquoise Hill Soars After Rio Tinto Offers to Buy Rest of It
