- Turquoise Hill ( NYSE: TRQ ) holder Pentwater Capital said it doesn't support Rio Tinto's C$43/share planned acquisition of the miner and that it "significantly undervalues" the common shares.
- Pentwater is evaluating its legal alternatives with respect of Turquoise Hill, Rio Tinto, and the proposed plan of arrangement, including but not limited to the possible exercise of Dissent Rights or other legal action, according to a statement.
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Turquoise Hill holder Pentwater says it doesn't support the planned Rio Tinto deal