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Turquoise Hill says Rio's bid is too low

Rio Tinto’s unsolicited proposal to acquire the remaining 49% of Turquoise Hill which it doesn’t already own has been knocked back with a special committee of independent directors of the latter deeming the offer price of C$34 (US$26.56) per share “well below” where it should be.

Turquoise Hill says Rio's bid is too low Turquoise Hill says Rio's bid is too low Turquoise Hill says Rio's bid is too low Turquoise Hill says Rio's bid is too low Turquoise Hill says Rio's bid is too low

Turquoise Hill's Oyu Tolgoi

"Market conditions in the equity and copper markets have changed significantly since the receipt of Rio Tinto's privatization proposal in March.

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