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MELBOURNE (Reuters) - Shareholders in Canada's Turquoise Hill will on Friday vote on a Rio Tinto $3.3 billion takeover offer that aims to give the Anglo-Australian miner more control over a giant Mongolian copper mine. The deal is far from a slam dunk.
Rio, which owns 51% of Turquoise Hill, has been keen to buy out minority shareholders and its twice-sweetened cash offer of C$43.00 per share represents a 67% premium to the Canadian firm's stock price before its initial bid in March.
If success...
>>> Read more: Turquoise Hill's Friday vote on Rio Tinto takeover bid is hard to call
Rio, which owns 51% of Turquoise Hill, has been keen to buy out minority shareholders and its twice-sweetened cash offer of C$43.00 per share represents a 67% premium to the Canadian firm's stock price before its initial bid in March.
If success...
>>> Read more: Turquoise Hill's Friday vote on Rio Tinto takeover bid is hard to call
