The Globe & Mail: Ivanhoe plunges after Rio says no to takeover bid

Ivanhoe Mines Ltd.’s prospects as a takeover target have been diminished and its share price plunged after Rio Tinto PLC, its largest shareholder and partner in the promising Oyu Tolgoi copper-gold project in Mongolia, said it’s not planning a bid. Rio’s anti-takeover talk, sparked by a key arbitration victory, caused Ivanhoe shares to drop 22 per cent on the Toronto Stock Exchange on Tuesday, closing down $4.71 to $16.57. To read the full article, click hereIvanhoe plunges after Rio says no to takeover bid

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