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Rio Tinto to treat all minority shareholders the same in Turquoise Hill takeover deal after AMF cries foul

Summary by Ground News
Rio Tinto PLC says it will no longer offer preferential treatment to one set of minority shareholders in its proposed takeover of Turquoise Hill Resources Ltd. The giant Anglo-Australian miner is offering to buy the 49 per cent it doesn't already own. The development casts new uncertainty over whether the deal succeeds in this shareholder vote, as the dissenting shareholders no longer agreed to withhold their votes.

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Financial PostFinancial Post
Lean Right

Rio Tinto terminates deals with dissident Turquoise Hill shareholders a week after Quebec watchdog raises concerns

The terminations come a week after Quebec’s securities regulator said that the deals raised 'public interest concerns.'

·Canada
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The Globe & MailThe Globe & Mail
Center

Rio Tinto to treat all minority shareholders the same in Turquoise Hill takeover deal after AMF cries foul

Rio Tinto has been unable to reach an agreement with Turquoise Hill about how to balance the preferential treatment extended to one set of minority shareholders

·Canada
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Bias Distribution

  • 50% of the sources are Center, 50% of the sources lean Right
50% Right
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The Globe & Mail broke the news in Canada on Thursday, November 17, 2022.
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