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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.34 | 1.03% | 130.85 | 129.51 | 130.99 | 131.175 | 128.98 | 130.37 | 1,812,454 | 09:50:00 |
From Apr 2021 to Apr 2024
By Adriano Marchese
Turquoise Hill Resources Ltd. said Monday it will establish a special committee to review Rio Tinto PLC's offer to acquire the remaining 49% of the company.
The Canadian miner said the committee will comprise independent directors, who will review and consider the proposal.
Earlier on Monday, the U.K. miner offered a premium of 34 Canadian dollars (US$26.68) in cash a share for Turquoise Hill, which would value the company at about $2.7 billion.
Turquoise Hill is a mining company focused on the operation and development of the Oyu Tolgoi copper-gold mine in Mongolia, in which it holds a 66% interest, with a Mongolian state-owned entity owning the remainder.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 14, 2022 08:06 ET (12:06 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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