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By Clara Denina and Jahnavi Nidumolu
LONDON (Reuters) -Turquoise Hill Resources Ltd on Monday rejected an offer by majority shareholder Rio Tinto Ltd to buy the 49% stake it doesn't already own for $2.7 billion, as it did not reflect the Canadian company's full and fair value.
After Rio Tinto's bid in March, which the global miner hoped would clear the way to direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia, Turquoise Hill appointed an independent committee to ...
>>> Read more: Turquoise Hill rejects Rio Tinto's $2.7 billion buyout offer
LONDON (Reuters) -Turquoise Hill Resources Ltd on Monday rejected an offer by majority shareholder Rio Tinto Ltd to buy the 49% stake it doesn't already own for $2.7 billion, as it did not reflect the Canadian company's full and fair value.
After Rio Tinto's bid in March, which the global miner hoped would clear the way to direct ownership of the massive Oyu Tolgoi copper-gold mining project in Mongolia, Turquoise Hill appointed an independent committee to ...
>>> Read more: Turquoise Hill rejects Rio Tinto's $2.7 billion buyout offer
