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Rio's Turquoise Hill takeover on shaky ground

RIO Tinto has terminated agreements with Turquoise Hill Resources' minority shareholders Pentwater Capital Management and SailingStone Capital Partners in relation to its proposed C$43 per share takeover offer for Turquoise Hill.

Staff reporter
Oyu Tolgoi in Mongolia

Oyu Tolgoi in Mongolia

Under the agreements signed on November 1, Pentwater and SailingStone had agreed to withhold their votes at the Turquoise Hill shareholder meeting and exercise their dissent rights. Rio said concerns...

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