Rio Tinto warns share price could slump 11% if this happens
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The Rio Tinto Ltd (ASX: RIO) share price is in danger of losing value if a shareholder proposal is carried around, according to the ASX mining share.
Currently, Rio Tinto is split into two companies – one is listed on the ASX and one in the UK. An institutional shareholder called Palliser Capital is urging Rio Tinto to consider whether a unification of the dual-listed companies (DLC) structure into an Australian-domiciled company would be in the best interests of shareholders.
Palliser wants Rio Tinto to form a committee of independent directors to review the idea, commission an independent expert report on this matter, and publish a detailed report of the committee’s findings.
It has been suggested that…
