Turquoise Hill Resources Ltd. C$4.3bn going-private acquisition by Rio Tinto plc

Our Montreal, Toronto and Vancouver offices represented Turquoise Hill Resources Ltd., an international mining company focused on the operation and continued development of the Oyu Tolgoi copper-gold mine in Mongolia, one of the largest of its kind in the world, in connection with the C$4.3bn going-private acquisition by Rio Tinto plc of all shares not already held by Rio Tinto, directly or indirectly, by way of a Yukon court-approved plan of arrangement for a consideration of C$43 per share.

Turquoise Hill's shareholders approved the transaction on December 9, 2022, following which TRQ received the final order from the Supreme Court of Yukon on December 14, 2022, and the Arrangement became effective on December 16, 2022 with the filing of the articles of arrangement.