Sunday, May 17, 2009
Asarco creditors reported split over competing bankruptcy plans
Asarco creditors are split between competing bankruptcy plans from Sterlite Industries and current owner, Grupo Mexico, according to a story on Bloomberg.com. They say that "Government agencies responsible for cleaning up Asarco’s pollution support the Sterlite sale, while people harmed by the asbestos products of an Asarco unit support the Grupo Mexico plan."
The creditors are reportedly able to vote on the two plans before the bankruptcy judge makes his final decision. [right, blasting at Asarco's Mission Mine. Credit, Asarco]
at 7:36 PM