| Vedanta tumbles on Asarco bidding war · Finance Yard |
By Financial Times
.....Read the full story on the Financial Times.
“We are concerned that the higher bid by Grupo México could lead to Vedanta overpaying for the Asarco assets,” said GMP analyst Matt Fernley, who cut Vedanta to “hold”. He valued the Asarco assets at just $1.8bn."