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

Monday, June 29, 2009

Grupo Mexico raises bid.... again

"In its latest revised offer fifth in 4 months Grupo Mexico has
increased the cash component to USD 1.46 billion from USD 1.3 billion
and also hiked payouts to asbestos claimants to USD 280 million from USD
250 million.... Sterlite wants to buy the assets of Asarco, Grupo Mexico
is interested in the entire company, including its liabilities.
Creditors will play a crucial role in the sale of Asarco"

http://steelguru.com/news/index/2009/06/29/MTAwMzE3/Grupo_Mexico_revises_Asarco_bid_offer_again.html

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