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(Reuters) -Shareholders of Canada's Turquoise Hill on Friday voted in favour of Rio Tinto's $3.3 billion bid to take it private and gain direct control over a giant Mongolian copper mine.
Turquoise Hill said 86.6% voted to approve Rio Tinto acquiring 49% of shares that it does not already own, giving the Anglo-Australian miner a 66% stake in Oyu Tolgoi, the world's largest known copper and gold deposit.
The vote clears the way for Rio Tinto to gain more autonomy over Oyu Tolgoi, which is 66% o...
>>> Read more: Turquoise Hill shareholders approve Rio Tinto's $3.3 billion buyout bid
Turquoise Hill said 86.6% voted to approve Rio Tinto acquiring 49% of shares that it does not already own, giving the Anglo-Australian miner a 66% stake in Oyu Tolgoi, the world's largest known copper and gold deposit.
The vote clears the way for Rio Tinto to gain more autonomy over Oyu Tolgoi, which is 66% o...
>>> Read more: Turquoise Hill shareholders approve Rio Tinto's $3.3 billion buyout bid
