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LONDON (Reuters) -Global miner Rio Tinto on Wednesday sweetened its takeover proposal for the 49% of Canada's Turquoise Hill Resources it does not already own by $400 million to an all-cash $3.1 billion.
To boost its chances of gaining direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia, Rio Tinto's new offer means Turquoise Hill's minority shareholders would receive $40 ($31) per share.
The Canadian company last week rejected as too low an offer of C$34 ($26.57) ...
>>> Read more: Rio Tinto sweetens buyout offer for copper miner Turquoise Hill
To boost its chances of gaining direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia, Rio Tinto's new offer means Turquoise Hill's minority shareholders would receive $40 ($31) per share.
The Canadian company last week rejected as too low an offer of C$34 ($26.57) ...
>>> Read more: Rio Tinto sweetens buyout offer for copper miner Turquoise Hill
