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Turquoise Hill recommends Rio offer after ISS

Turquoise Hill Resources has urged its shareholders to unanimously recommend that minority shareholders vote for Rio Tinto’s C$43/share offer for the 49% of the firm it does not own.

Steven Swindells
Turquoise Hill urges shareholders to back Rio

Turquoise Hill urges shareholders to back Rio

It follows last week's decision by shareholder advisory firm Institutional Shareholder Services (ISS) that support of the deal was "not warranted" and that Rio Tinto's offer under-valued the firm which...

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