Turquoise Hill to receive debt funding from Rio Tinto as it evaluates $2.7 bln offer
Rio Tinto in March had proposed to buy out the 49% of
Turquoise Hill it does not already own for about
However, the offer has seen opposition from major Turquoise Hill shareholders, including activist investor Pentwater Capital Management, who said the offer was too low.
Last year, Pentwater Capital had filed a class action in
Turquoise Hill on Wednesday also said that it had received
an extension of the date by when it has to raise at least