Turquoise hill acknowledges announcement by rio tinto of termination of agreements with certain minority shareholders of turquoise hill and irrevocable offer to dissenting shareholders

Montreal--( business wire )--turquoise hill resources ltd. (tsx: trq) (nyse: trq) (“turquoise hill” or the “company”) acknowledges the announcement by rio tinto international holdings limited (“rio tinto”) that it has terminated the previously announced agreements (the “agreements”) between rio tinto and certain shareholders of the company related to pentwater capital management lp and sailingstone capital partners llc (collectively, the “named shareholders”) and that it has made certain irrevocable commitments for the benefit of all minority shareholders. rio tinto's termination of the agreements and its decision to provide the irrevocable commitments described below followed discussions between rio tinto and the special committee of the board of directors of the company to resolve minority shareholder and public interest concerns with respect to the specific dissent and dispute resolution terms provided for in the agreements to the named shareholders.
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