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Rio Tinto, Turquoise Hill in binding agreement on takeover

Rio Tinto and Turquoise Hill have entered into a definitive arrangement agreement for Rio Tinto to acquire full ownership of Turquoise Hill at C$43 per share and Rio Tinto will not increase its price offer to minority shareholders, Rio Tinto said.

Rio says no higher offer for Turquoise Hill

Rio says no higher offer for Turquoise Hill

The binding agreement follows the firms' announcement on September 1 that they had reached an agreement in principle for Rio Tinto to purchase the 49% stake it does not already own in Turquoise Hill which...

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