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By Praveen Menon and Shashwat Awasthi
(Reuters) -Rio Tinto on Thursday reached an agreement in principle to buy the rest of Canada's Turquoise Hill Resources for $3.3 billion which will give the global miner direct ownership of a giant copper mine in Mongolia.
Rio will pay C$43 per share in cash for the 49% of Turquoise Hill it does not already own, a more than 19% premium to the stock's last close and higher than a sweetened offer of C$40 proposed last month.
An independent committee, appoin...
>>> Read more: Rio Tinto agrees $3.3 billion takeover of Turquoise Hill
(Reuters) -Rio Tinto on Thursday reached an agreement in principle to buy the rest of Canada's Turquoise Hill Resources for $3.3 billion which will give the global miner direct ownership of a giant copper mine in Mongolia.
Rio will pay C$43 per share in cash for the 49% of Turquoise Hill it does not already own, a more than 19% premium to the stock's last close and higher than a sweetened offer of C$40 proposed last month.
An independent committee, appoin...
>>> Read more: Rio Tinto agrees $3.3 billion takeover of Turquoise Hill
