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Wednesday, February 13, 2013

Deals of the day - mergers and acquisitions, (NYSE: TRQ)

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:** Turquoise Hill Resources Ltd said it would sell its 50 percent stake in Altynalmas Gold for $300 million as the miner looks to focus on the development of its massive Oyu Tolgoi copper-gold project in Mongolia.

Turquoise Hill Resources Ltd., formerly Ivanhoe Mines Ltd. Shares of TRQ fell by 1.31% or $-0.1/share to $7.54. In the past year, the shares have traded as low as $7.10 and as high as $18.76. On average, 1803070 shares of TRQ exchange hands on a given day and today's volume is recorded at 906902.