Turquoise Hill Resources Ltd. T.TRQ

The offer is coming

[trebuh16]

Hi fromThe telegraph in London UK this AM:

Copper-bottomed deal

Rio Tinto has made an all-cash offer to buy the 49.9pc of Turquoise Hill it doesn’t currently own, valuing the Canadian subsidiary at $2.7bn. Rio said the deal would create a more efficient ownership and governance structure for the Oyu Tolgoicopper mine in Mongolia. The company recently reached an agreement with the government of Mongolia, which owns a 34pc stake in the mine, to move ahead with the project. The balance is controlled by Turquoise Hill, in which Rio has a controlling 50.1pc stake.

I did not see anything else. Trebuh

[trebuh16]

Here is the link: https://m.email3.telegraph.co.uk/nl/jsp/m.jsp?c=%40FBfFeQz00HX5qQlv%2F9hllMGk0PzOueOfrnjxh%2FNTryI%3D&WT.mc_id=e_DM1551063&WT.tsrc=email&etype=Edi_Cit_New_v2&utmsource=email&utm_medium=Edi_Cit_New_v220220314&utm_campaign=DM1551063

[Possibleidiot01]

$34 a share https://www.reuters.com/business/rio-tinto-offers-27-bln-buy-rest-turquoise-hill-stake-2022-03-14/

[trebuh16]

I think Pentwater will ask for $40.00 at the end.  Trebuh

[CatoCan]

Not a bad offer but I think I would prefer for them to hold out for longer as copper prices are bound to go up in the next few years. I suppose small chance the deal doesn't go through considering how much Rio Tinto alredy owns.