Turquoise Hill’s top five investor rejects Rio Tinto’s bid

Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR), is ready to put the brakes on Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) intended US$3.3 billion takeover of the Canadian miner as it says the offer...

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