https://www.theglobeandmail.com/
Rio Tinto Group is proposing to buy the 49 per cent of Canadian miner Turquoise Hill Resources Ltd. it doesn’t already own for US$2.7-billion, potentially putting an end to years of strife with Turquoise Hill’s management and shareholders.
London-based Rio, one of the world’s biggest diversified mining companies, said on Monday it is offering $34 in cash a share for Turquoise Hill, a 32-per-cent premium to its Friday close on the Toronto Stock Exchange.