Rio Tinto and Turquoise Hill will vote on the agreement on the acquisition of Oyu Tolgoi copper and
Rio Tinto announced that it had reached an agreement with some funds and entities related to Pentwater Capital Management and SalingStone Capital Partnership to vote at the special shareholders' meeting to acquire 49% of the outstanding shares of Turquoise Hill Resources.
Rio Tinto proposed to acquire its outstanding shares of urquoise Hill for US $3.3 billion, hoping to acquire 66% of the shares of Oyu Tolgoi copper and gold mine in Mongolia. Oyu Tolgoi is one of the largest known copper and gold mines in the world.
Rio Tinto agreed to increase the objection conditions under the agreement from 12.5% of the issued and outstanding shares of Turquoise Hill to 17.5%.
