Turquoise Hill shares surge after Rio Tinto sweetens takeover bid

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Turquoise Hill shares surge after Rio Tinto sweetens takeover bid
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Turquoise Hill shares surge after Rio Tinto sweetens takeover bid.

as too low an offer of C$34 per share received in March after appointing an independent committee to determine if it was in the best interests of minority shareholders.

Turquoise Hill, a single-asset company holding 66% of one of the world’s largest known copper and gold deposits, 550 km south of Mongolia’s capital Ulaanbaatar, said its board is reviewing the proposal. Turquoise Hill’s shares rose as much as 24% after the new offer, while Rio’s share price fell 2% in London.

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mining /  🏆 449. in US

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