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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.54 | 1.19% | 131.34 | 131.35 | 131.40 | 131.88 | 130.56 | 130.92 | 69,709 | 01:12:26 |
From May 2022 to May 2024
By Ian Walker
Rio Tinto PLC on Wednesday raised its takeover proposal for Turquoise Hill Resources Ltd. by 18%, valuing the Canadian-listed company at US$3.1 billion.
Under the latest proposal accepting Turquoise Hill Resources shareholders will get 40 Canadian dollars (US$30.87) for each share held, up from Rio's previous offer of $34 a share, which was rejected by the Canadian Company.
Turquoise Hill, which is 51%-owned by Rio Tinto, has a 66% interest in the Oyu Tolgoi copper-gold mine in Mongolia.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
August 24, 2022 09:10 ET (13:10 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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