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Proxy adviser recommends Turquoise Hill shareholders accept Rio

Proxy adviser Glass Lewis has recommended that Turquoise Hill Resources shareholders vote in favour of Rio Tinto’s C$43/share bid for the 49% of the firm it does not own.

Steven Swindells
Turquoise Hill urges Rio deal

Turquoise Hill urges Rio deal

In making its recommendation, Glass Lewis noted that Turquoise Hill undertook a reasonably comprehensive review process in the months preceding the execution of the arrangement agreement with Rio Tinto....

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