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Rio Tinto has terminated agreements with Turquoise Hill Resources’ minority shareholders, Pentwater Capital Management and SailingStone Capital Partners, in relation to its proposed C$43 per share takeover offer for Turquoise Hill.
Oyu Tolgoi in Mongolia
Under the agreements signed on November 1, Pentwater and SailingStone had agreed to withhold their votes at the Turquoise Hill shareholder meeting and exercise their dissent rights.
Rio Tinto has refused to increase offer
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