Turquoise Hill Resources Ltd.
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TRQ STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE PROPOSED SALE OF TURQUOISE HILL RESOURCES LTD. IS FAIR TO SHAREHOLDERS
September 1, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the proposed sale of Turquoise Hill Resources Ltd. (NYSE: TRQ) to Rio Tinto for C$43 per share in cash is fair to Turquoise Hill shareholders.
The investigation concerns whether Turquoise Hill and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Turquoise Hill shareholders; (2) determine whether Rio Tinto is underpaying for Turquoise Hill; and (3) disclose all material information necessary for Turquoise Hill shareholders to adequately assess and value the merger consideration. On behalf of Turquoise Hill shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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