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LONDON (Reuters) -Pentwater Capital Management LP, the second-largest shareholder of Turquoise Hill Resources Ltd, said on Friday it opposes Rio Tinto's acquisition of the Canadian miner, and was weighing legal options to thwart the deal.
The activist investor added that it now owns 11.67% of Turquoise Hill's shares, after buying a further 1.73% stake on the open market.
Rio Tinto agreed on Sept. 1 to take over the 49% stake it doesn't already own in Turquoise Hill after sweetening an initial ...
>>> Read more: Pentwater weighs legal action over Rio Tinto-Turquoise Hill deal
The activist investor added that it now owns 11.67% of Turquoise Hill's shares, after buying a further 1.73% stake on the open market.
Rio Tinto agreed on Sept. 1 to take over the 49% stake it doesn't already own in Turquoise Hill after sweetening an initial ...
>>> Read more: Pentwater weighs legal action over Rio Tinto-Turquoise Hill deal
