Rio Tinto (RIO) Sweetens the Pot for 49% Stake in Turquoise Hill

Rio Tinto plc RIO has made a revised offer to Turquoise Hill to acquire the latter’s nearly 49% of the issued and outstanding shares. RIO currently holds a 51% stake in Turquoise Hill. If this deal comes to fruition, then RIO will end up holding a 66% interest in Oyu Tolg https://www.nasdaq.com/articles/rio-tinto-rio-sweetens-the-pot-for-49-stake-in-turquoise-hill