Turquoise Hill: Turquoise Hill shareholders accept Rio offering

The shareholders of takeover target Turquoise Hill have backed the takeover offer from mining major Rio Tinto, which would now acquire some 49% of Turquoise Hill's issued and outstanding common shares for C$43 a share. Turquoise Hill said that some 86.6% of all votes cast were in favour of the Rio offering, with the valid dissent notices filed representing less than 17.5% of all outstanding shares.