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Turquoise Hill Resources (NYSE: TRQ) stock ripped higher this morning, jumping 24.9% as of 10:20 a.m. ET. Mining giant Rio Tinto (NYSE: RIO) has been pursuing Turquoise Hill Resources since March when it first offered to acquire a 49% stake in the miner for 34 Canadian dollars (roughly $26.57) per share, in a deal valued at $2.7 billion. Turquoise Hill Resources rejected the offer, claiming the price offered didn't reflect the "full and fair" value of the miner.
>>> Read more: Why Turquoise Hill Resources Stock Popped 25% This Morning
>>> Read more: Why Turquoise Hill Resources Stock Popped 25% This Morning
