"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Friday, March 13, 2009

Competitive bids possible for Asarco: Macquarie

"Competitive bids possible for Asarco: Macquarie
Thu. March 12, 2009; Posted: 11:22 PM
http://www.tradingmarkets.com/.site/news/Stock%20News/2221151/
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."

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