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

Sunday, March 15, 2009

Sterlite's revised offer for Asarco

"The revised offer
Sterlite will be paying $1.1 billion as upfront cash upon completion of the deal (expected in 4-5 months). Besides, it will also pay seven installments of $20 million each (from end of second year; total $140 million) and another $460 million as a bullet payment at the end of 9th year—hence, a total of $600 million. ..."
http://www.business-standard.com/india/news/asset-gains/351836/
Vishal Chhabria / Mumbai March 16, 2009, 0:28 IST

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