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

Sunday, July 19, 2009

'We have support of US government, unions on Asarco'

Press Trust of India / New Delhi July 19, 2009, 15:47 IST

"Anil AgarwalNRI billionaire Anil Agarwal-led Vedanta Resources today said it will not offer more than the already announced $1.87 billion to buy bankrupt American miner Asarco but is confident that it can clinch the deal with the support of the US government
and the trade unions.

"We will not increase our bid in any circumstances. We believe we are well placed. The US government is with us, the trade union is with us," Vedanta Resources Chairman Anil Agarwal told PTI in an interview on the phone....

If the Asarco bid is lost, Agarwal said that he will look for other opportunities...."

http://www.business-standard.com/india/news/%5Cwe-have-supportus-govt-unionsasarco%5C/68194/on

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