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NEW YORK (Reuters) - Institutional Shareholder Services (ISS) on Tuesday urged Rio Tinto shareholders to approve a proposal to review the miner's dual-listed structure amid pressure from activist Palliser Capital.
Palliser has pushed Rio Tinto, which has a primary listing in London and a secondary listing in Sydney, to unify the two into a single holding company in Australia, arguing the dual-listed structure has cost shareholders billions of dollars in value and is a reason why its stock is tr...
>>> Read more: Proxy advisory firm ISS backs Palliser proposal for Rio Tinto review
Palliser has pushed Rio Tinto, which has a primary listing in London and a secondary listing in Sydney, to unify the two into a single holding company in Australia, arguing the dual-listed structure has cost shareholders billions of dollars in value and is a reason why its stock is tr...
>>> Read more: Proxy advisory firm ISS backs Palliser proposal for Rio Tinto review
