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Fund manager to vote against Rio-Turquoise Hill buy

Turquoise Hill Resources minority shareholder SailingStone Capital Partners will vote against Rio Tinto’s planned C$43/share offer for the 49% of Turquoise Hill Resources it does not already own at a special shareholders meeting scheduled for 1 November.

Fund manager to vote against Rio-Turquoise Hill buy Fund manager to vote against Rio-Turquoise Hill buy Fund manager to vote against Rio-Turquoise Hill buy Fund manager to vote against Rio-Turquoise Hill buy Fund manager to vote against Rio-Turquoise Hill buy

Investor rejects Rio move on Turquoise Hill Resources

San Francisco-based SailingStone and Florida-based Pentwater Capital Management have led the opposition by some minority shareholders to mining giant Rio Tinto's $3 billion bid for Toronto-listed