A one-sentence story from the Wall Street Journal says Glencore International is very interested in buying bankrupt Tucson-based Asarco. Glencore is one of the largest privately owned companies in Europe with worldwide commodity operations and revenues in 2008 of over $152 billion.
Glencore's name surfaced as a potential buyer repeatedly over the past few years. As of now, Sterlite Industries $1.7 billion offer is the one to beat.
No comments:
Post a Comment