Turquoise Hill delays vote on Rio Tinto acquisition indefinitely, as Quebec regulator studies side deal with dissidents

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The AMF, Quebec’s top securities regulator, is examining the legality of a deal Rio Tinto cut with dissident shareholders

as Quebec’s top securities regulator studies whether a side deal that Rio cut with dissident shareholders is legal.

The development casts a whole new layer of uncertainty over a huge mining takeover that has captivated the industry and caused turmoil for merger and arbitrage traders.

 

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