Turquoise hill's shareholders approve arrangement with rio tinto

Montreal--( business wire )--turquoise hill resources ltd. (tsx: trq) (nyse: trq) (“turquoise hill” or the “company”) today announced that at its special meeting of shareholders held earlier today on december 9, 2022, its shareholders approved the previously announced proposed plan of arrangement pursuant to which, among other things and subject to the satisfaction or waiver of all applicable conditions precedent, rio tinto international holdings limited (“rio tinto”) would acquire the approximately 49% of the issued and outstanding common shares of turquoise hill that rio tinto and its affiliates do not currently own for c$43.00 per share in cash (the “arrangement”).
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