Pentwater weighs legal action against Rio-Turquoise Hill deal

This post was originally published on this site

(Reuters) – Pentwater Capital Management LP, the second-largest shareholder of Turquoise Hill Resources (NYSE:TRQ) Ltd, said on Friday it does not support Rio Tinto (NYSE:RIO)’s acquisition of the Canadian miner, and was weighing legal options to thwart the deal.

The activist investor added it now owns 11.67% of Turquoise Hill’s shares.