Thu. March 12, 2009; Posted: 11:22 PM
New Delhi, Mar 12, 2009 (Asia Pulse Data Source via COMTEX) -- --
Sterlite Industries 1.7 billion dollars proposed acquisition of
America's third largest copper producer Asarco may face rival bids, even
as it has entered into a buyout agreement with the US-based firm,
according to a report.
"Competitive bids are still possible, and Sterlite has the option to
match any bids, but has no obligation to do so," Macquarie Research said
in a statement."