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(Reuters) - Rio Tinto Ltd said on Friday it has ended its talks with dissenting minority shareholders of takeover target Turquoise Hill Resources over its acquisition of 49% stake in the Canadian miner for $3.3 billion.
Rio terminated its negotiations with Pentwater Capital and SailingStone Capital, which own a stake of 15.2% and 2.2%, respectively, in Turquoise Hill, after they were unsuccessful, the miner said.
"There is no assurance that any of the named securityholders (Pentwater and Saili...
>>> Read more: Rio to proceed with Turquoise bid after talks with key minority shareholders end
Rio terminated its negotiations with Pentwater Capital and SailingStone Capital, which own a stake of 15.2% and 2.2%, respectively, in Turquoise Hill, after they were unsuccessful, the miner said.
"There is no assurance that any of the named securityholders (Pentwater and Saili...
>>> Read more: Rio to proceed with Turquoise bid after talks with key minority shareholders end
