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Proxy adviser recommends Turquoise Hill shareholders accept Rio

Proxy adviser Glass Lewis has recommended that Turquoise Hill Resources shareholders vote in favour of Rio Tinto’s C$43/share bid for the 49% of the firm it does not own.

Proxy adviser recommends Turquoise Hill shareholders accept Rio Proxy adviser recommends Turquoise Hill shareholders accept Rio Proxy adviser recommends Turquoise Hill shareholders accept Rio Proxy adviser recommends Turquoise Hill shareholders accept Rio Proxy adviser recommends Turquoise Hill shareholders accept Rio

Turquoise Hill urges Rio deal

In making its recommendation, Glass Lewis noted that Turquoise Hill undertook a reasonably comprehensive review process in the months preceding the execution of the arrangement agreement with Rio