RIO News: Rio Tinto submits improved full and fair proposal for Turquoise Hill - 24th Aug 2022, 11:12pm

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LONDON, August 24, 2022--(BUSINESS WIRE)--Rio Tinto has submitted an improved non-binding proposal to the Turquoise Hill Board to acquire the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not currently own (the "Improved Proposal").

Under the terms of the Improved Proposal, Turquoise Hill minority shareholders would receive C$40 in cash per Turquoise Hill share.

This proposal values the Turquoise Hill minority share capital at approximately US$3.1...

>>> Read more: Rio Tinto submits improved full and fair proposal for Turquoise Hill
 
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