Tuesday, December 16, 2008

Asarco in new talks with Sterlite and others

Well, it ain't over til it's over. News reports say Asarco told a judge today that they are in "hot and heavy discussions with multiple parties on multiple plans," including India's Sterlite Industries for acquisition or another deal to pull Asarco out of bankruptcy.

Asarco and Sterlite cancelled an earlier buyout when Sterlite said they wouldn't go through with the deal unless the purchase price was dropped significantly

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